atans1

2018, another bad yr for SMEs

In Currencies, Economy on 08/01/2018 at 3:57 pm

Seems our SME owners are buying properties and new Beemers and Mercedes because

Singapore’s small-and-medium enterprises (SMEs) are expecting stronger sales and profits for January to June next year, as they anticipate better business conditions amid an improved economy, said a survey.

When if I were them, I might want to think twice because according to OCBC’s economist, the expected change in MAS policy on the S$ from neutral to hawkish “is putting additional pressure on SMEs which are already struggling to deal with the economic restructuring and tight manpower situation. If you get a stronger Sing dollar and higher interest rates, it will be an additional challenge,” she said.
Read more at https://www.channelnewsasia.com/news/business/after-an-outperforming-year-how-will-singapore-s-economy-fare-in-9813946

But never fear Turban Man and his side-kick, Toilet Man, are fighting to ensure that SME owners get even more tax-payers’ money. More on them some other day.

 

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