More cautious business outlook in 2013 than 2012: survey

More cautious business outlook in 2013 than 2012: survey

Singapore's business community are becoming more cautious of their business outlook in 2013 compared to last year.

SINGAPORE: Singapore's business community is becoming more cautious of their business outlook in 2013 compared to 2012, based on a pre-budget survey by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) of 176 companies as part of their wish-list for the Singapore Budget in 2013.

In a statement, the SCCCI urged the government to implement more pro-enterprise measures. It said this is to help companies tide over a "highly probably global downturn" in 2013.

The SCCCI said Singapore's business community is looking for more assistance and financial support from the government to help their productivity drive.

They also wish for greater transparency and flexibility in manpower policies, so that companies can make plans ahead with greater certainty.

The SCCCI has urged the government to consider five recommendations.

This includes firstly, helping more enterprises to better leverage on the "Productivity and Innovation Credit Scheme (PIC)", so that more small and medium enterprises (SMEs) can benefit from higher cash payouts from the scheme.

Secondly, to provide greater transparency, flexibility and certainty in manpower policies.

Thirdly, to enhance grant and loan schemes to eligible companies.

Fourthly, to streamline application and reimbursement processes of grants.

Finally, to assist SMEs in overseas markets, especially in ASEAN countries and in China.

The SCCCI Pre-Budget 2013 Survey was conducted by the SCCCI over a three-week period from 5 December 2012.

Source: CNA/ck

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