Story perspectives

Singapore Businesses Struggle: 34% Report Profit Declines

11/28/2025

Summary

Story summary

Singapore businesses face declining profitability, with only 4% reporting increases and 34% declines, while the Business Sentiment Index falls to 48.5.
The downturn reflects rising manpower, rental, and logistics costs, and 37% expect worsening conditions in 2026, with SMEs at 38%.
Companies seek Budget 2026 government support for cost management, workforce development, and cash-flow improvement, with priorities including salary increases, technology investments, and market expansion.

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Story summary

Singapore businesses face declining profitability, with only 4% reporting increases and 34% declines, while the Business Sentiment Index falls to 48.5.
The downturn reflects rising manpower, rental, and logistics costs, and 37% expect worsening conditions in 2026, with SMEs at 38%.
Companies seek Budget 2026 government support for cost management, workforce development, and cash-flow improvement, with priorities including salary increases, technology investments, and market expansion.