New markets, expanding overseas key for most Singapore SMEs

With the persistent challenging business environment, 62% of respondents to DBS’ annual SME Pulse Check survey said that ensuring consistent cash flow and managing cost remained the SMEs’ top business priority. — Reuters

SINGAPORE: Over 60% of small and medium enterprises (SMEs) in Singapore say their key business priorities in 2023 are to explore new markets and to expand overseas, a survey has found.

This is compared with 75% who ranked these as their lowest priority in 2022.