SINGAPORE, Mar. 15, 2018/Medianet International-AsiaNet/ --
Small businesses in Singapore are showing a strong pick-up in confidence in 2018, according to a new survey released today.
The findings, from CPA Australia's eighth annual Asia-Pacific Small Business Survey, follow extensive surveying of nearly 3,000 small business operators in Malaysia, Vietnam, Indonesia, Hong Kong, Singapore, Australia, New Zealand and Mainland China.
CPA Australia's Head of Policy, Paul Drum FCPA said the outlook for 2018 is strong, with 57.0 per cent of businesses expecting to grow, even as Singapore's small businesses experienced weaker growth in 2017.
"While 2017 saw the lowest number of Singapore small businesses that reported growing since 2014, many expressed a high level of confidence in the Singapore economy and in their own growth prospects for 2018.
"Fifty-seven per cent of small businesses in Singapore are expecting to grow in 2018, the best result for Singapore since the 2012 survey" Mr Drum said.
The survey results again showed that businesses that are applying digital technologies in their business are significantly more likely to be growing strongly than businesses that are not.
http://mrem.bernama.com/viewsm.php?idm=31456
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