Service sector remains confident

More small to medium business owners feel confident about their economic outlook than are pessimistic. asiaoneBusiness reports that 34% of those polled feel that the outlook is positive for the next twelve months, compared to 20% who feel that it is likely to worsen. Many companies are reporting that orders are picking up and a very small percentage (4%) are concerned about the U.S. economic situation impacting them.

However, these numbers conflict slightly with January's report, when 44% felt optimistic and 14% were concerned the outlook was worse. All in all, most feel that Singapore's economy will remain strong despite the U.S. outlook.

Business owner's were also asked what type of assistance they would like to see. These items included government grants, subsidised loans for start-ups, stronger promotion of Singapore as a place to do business, and loosening up of restrictions and laws on foreign workers.

Image Source Flickr
Follow Jorbb on Twitter, Friendfeed and Facebook Group.