ECONOMY | Staff Reporter, Singapore

Chart of the Day: 6 in 10 Singapore businessmen see lack of demand as top risk for firms

They also worry about qualified labour and labour costs.

This chart from the Singapore-German Chamber of Industry and Commerce shows that Singapore businessmen believe that lack of demand (61%) is the highest risk for companies. They also worry about qualified labour (54%), and labour costs (33%). 

Meanwhile, the study found that Singapore firms are not concerned about infrastructure (6%), financing (6%), and legal certainty (7%) as they do not see them as major risks to their businesses.

In the ASEAN region, most countries believe that the top risk for firms will be the economic framework conditions (49%). They are also concerned about qualified workforce (44%), and the exchange rate (40%).

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