Almost two-thirds of Singapore services adversely influenced by COVID-19: Study

According to the Singapore Company Federation’s (SBF) National Company Study, 3 in 10 companies are not sure concerning maintaining their service this year (2021). In general, companies stated present federal government assistance steps have actually aided alleviate expenses. Out of over 1,000 firms surveyed, 63% stated they have actually been adversely influenced by the COVID-19 pandemic. Typically, companies saw a decrease in profits by 31%. The markets hardest-hit by the pandemic consist of building, retail and also production.

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