More new businesses set up in spite of pandemic
Retail and manufacturing sectors see higher numbers; several grants to help new start-ups
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Companies were hit hard by the Covid-19 pandemic last year but local entrepreneurs still managed to defy the downturn to open a striking number of new businesses.
There were 63,480 new enterprises last year - a period that included Singapore's worst recession since independence - up from 61,573 in 2019.
