Singapore business confidence falls to record low on coronavirus worries: Survey

An almost empty restaurant in the Orchard Road shopping district yesterday. The slide in business optimism for the second quarter was caused by negative spillover effects of heightened health risks posed by the coronavirus, slowing Chinese demand and the
An almost empty restaurant in the Orchard Road shopping district on March 10, 2020.PHOTO: AFP

SINGAPORE (THE BUSINESS TIMES) - Business sentiment among Singapore firms plunged to an all-time low in the second quarter of 2020 because of coronavirus health risks and potential economic impact.

This is according to the Singapore Commercial Credit Bureau's (SCCB) latest Business Optimism Index study out on Tuesday (March 10).

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