Business receipts fall 3.7% QoQ in Q1 2025

Year-on-year, it grew 6.1%.

The Business Receipts Index (BRI) of the services industries increased 6.1% year-on-year (YoY) in Q1 2025, SingStat reported.

According to SingStat, all industries except for Recreation & Personal Services registered higher business receipts.

Meanwhile, overall business receipts fell 3.7% quarter-on-quarter (QoQ) with all industries, except for Recreation & Personal Services and Education, registering lower business receipts.

The Recreation & Personal Services industry registered a growth of 5.6% in revenue, mainly due to revenue gains from the Gaming and Attractions segments.

The Professional Services industry reported a decline of 12.6% QoQ in receipts, with most of the subsectors such as Legal, Management Consultancy, Architectural and Engineering activities reporting lower earnings.

The Transportation & Storage also posted an 8.2% decline with all subsectors registering weaker performance , particularly the Water Transport sector which saw a fall in earnings due to lower freight rates.

Follow the link for more news on

Department of Statistics

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia