Fewer Singapore businesses planning forays overseas


People take photographs with the backdrop of the Marina Bay waterfront in Singapore. - AFP

SINGAPORE: Fewer Singapore businesses are planning to venture overseas, with large companies a tad more cautious than their small and medium-sized counterparts, a survey by the Singapore Business Federation (SBF) shows.

Overall, the proportion of domestic companies planning to make a foray abroad fell to 57% in 2023, down from 65% in 2022, according to the latest National Business Survey released on Jan 5.

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