An honorable member of the Coffee Shop Has Just Posted the Following:
The number of new businesses surged by 42%.
Over 20,000 new businesses set up shop in the republic in the fourth quarter, in spite of the fact that the last quarter of the year is traditionally a weaker season for new business registrations.
Data released today by Hawksford Singapore showed that there were 20,540 new business registrations in Q4, representing an increase of 41.7% from the same period last year.
Most of the new businesses were in the Wholesale Trade industry, followed by Financial Services.
"Singapore's dominance as a regional distribution hub continues to remain unchallenged despite the competitive strategies of regional economies," the report stated.
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11-02-2015, 02:00 PM
Singapore welcomes over 20,000 new businesses in Q4
