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Economic restructuring has hurt SMEs' growth expectations: SBF

Published on Jul 16, 2014 6:31 PM

SINGAPORE - Economic restructuring has kept the growth expectations of small and medium enterprises (SMEs) muted, a survey has found.

One factor is a continued manpower crunch, said the Singapore Business Federation (SBF) and DP Information Group in a joint report on Wednesday.

They said that SMEs still remained positive overall about their prospects for the second half of this year.

Their survey tracked business sentiment from July to December this year across five industries: construction and engineering, manufacturing, transport and storage, business services and commerce and trading.

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