Outlook for local businesses weakens amid increasing business costs

Singapore companies are bracing themselves for a tough year, with business sentiment dragged down by economic uncertainty, tightening credit and higher costs. This is according to a survey by the Singapore Business Federation, which drew responses from more than 1,000 companies across key sectors. CNA spoke to two firms to find out how they are coping with these key challenges and what they hope to see in the upcoming Budget. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia