Costlier to do business in S’pore

Price up: Manufacturers will need to adjust to the higher water tariffs by pursuing water saving to recycling measures. — AFP

BUSINESSES in Singapore are bracing for higher costs in a country that’s already among the world’s most expensive to live in.

From a 30% increase in water prices to higher diesel costs to a looming carbon tax, manufacturers are being forced to adjust their operations to remain competitive in an economy that’s only recently recovering from an export slump.