About 1 in 2 firms earn over 40% of their revenue from overseas: Poll

Quick Summary:

The SBF’s annual national business survey also found that more firms are planning to expand overseas in 2024.

For SMEs, they may be constrained by manpower, funding, business connections and expertise in the countries they want to expand to.“Support from the government body or trade association is important, as most SME members may not have enough resources or the network to navigate through the market’s challenges.

SINGAPORE – Increasing numbers of firms in Singapore are earning a significant share of their income from overseas markets, noted a new survey.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndonesiaMalaysiaNew ZealandReunionSaudi ArabiaThailandUnited Arab EmiratesVietnam

Topics: Firms Business 2024 Markets Singapore 2023 Noted Cent Survey Companies Expansion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 17:50:20 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 716 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23583714

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About The Straits Times

Main Topics: EconomyBusiness

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