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Greater number of Singapore firms expected to wind up in coming months, say experts
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Business closures are expected to rise in the coming months, given that initiatives such as support schemes and debt moratoriums are tapering off.
ST PHOTO: GAVIN FOO
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SINGAPORE - Despite the recent uptrend in business formations in Singapore, entity closures are also expected to rise in the coming months, experts said.
Around 35,400 were de-registered between January and October - lower than the average of 41,100 seen over the same 10-month period between 2015 and 2019, according to data from the Accounting and Corporate Regulatory Authority (Acra).
