At the statutory board’s year-in-review meeting on Feb 7, chairman Peter Ong and CEO Png Cheong Boon note that business sentiment among domestic companies remains weak as companies cite challenges such as rising business and manpower costs.
SINGAPORE (Feb 14): Singapore’s economy is bracing for a miserable 2020. Businesses across the region are grappling with an escalating novel coronavirus outbreak that shows no signs of peaking more than two months after it was first reported in China.
For Enterprise Singapore, the government agency tasked with helping local businesses grow and adapt to changes to the business environment, the message is simple: Chin up, forge ahead and keep up with the process of transformation.
