NATIONAL BUSINESS SURVEY 2020/2021 Finding a Pathway to the Future These findings summarise the National Business Survey 2020/2021 conducted by the Singapore Business Federation (SBF). The 13th edition of this annual survey was carried out from 9 October to...
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NATIONAL BUSINESS SURVEY 2020/2021 Finding a Pathway to the Future These findings summarise the National Business Survey 2020/2021 conducted by the Singapore Business Federation (SBF). The 13th edition of this annual survey was carried out from 9 October to 28 November 2020, and drew responses from 1,075 companies across key industries. 85% of the responses were from SMEs and 15% of the responses were from large companies. 1. BUSINESS SENTIMENT & IMPACT OF COVID-19 i. COVID-19 has taken a major toll ii. Two in three companies are on local businesses. confident that they can sustain their Two thirds of businesses have been negatively affected by businesses in the next 12 months. COVID-19, though the impact was uneven across industries. However, a proportion (31%) are unsure about the future of Sectors hit the hardest were Construction & Civil Engineering their businesses. This uncertainty is higher amongst SMEs than in (79%) and Retail, Real Estate, Hotels, Restaurants & large companies.
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