Singaporean firms are the most pessimistic in Asia: survey

It registered a sub-index of 46 in the business sentiment.

According to the Thomson Reuters/INSEAD Asian Business Sentiment Index, Singaporean firms were not just among the pessimists in Asia but actually the only one in the region.

Firms in Australia were the most positive with their subindex of 86 although that was still 2 points lower than three months prior. Only Singaporean firms were negative with a subindex of 46, albeit an improvement from the 38 of September.

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