Three in 10 firms lack confidence in sustaining business this year: SBF poll

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

THE recovery may have begun but uncertainty remains, with three in 10 companies lacking confidence that they can sustain their business over the next 12 months, according to the Singapore Business Federation's (SBF) annual National Business Survey 2020/21 released on Tuesday. Read more at The Business Times.

Covid-19 also hindered overseas operations. Nearly half of respondents said overseas business activities had fallen, with nearly all attributing this to Covid-19. Two-thirds felt that outbound business travel is important for effective operations.

But Mr Lam noted:"Amid the negative impact of the Covid-19 pandemic is the silver lining of a stronger push for digital transformation and manpower development by companies." Nearly half of respondents said staff training had become more important during the pandemic, with a similar proportion saying its importance remained the same. The biggest barrier to training, however, was having limited manpower resources to cover for staff who were undergoing training.

Amid the pandemic, business cost support measures were found to be the most helpful by far, cited by nearly nine in 10 respondents.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank you for sharing! More insights on Singapore and Southeast Asia here:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.