Who are the winners and losers in Singapore's services sector?

The sector is forecast to grow 1.2% this year.

Services activities slowed to +1% in 2016, after growing 3.2% the year before.

The sector remained mixed and would likely trudge along at almost a similar pace (2017F: 1.2%) this year. However, the growth should remain two-tiered.

RHB lists some winners and losers:

Winners:
i. Wholesale trade (12.2% of GDP) and logistics companies (10.8% of GDP) would benefit from the external uplift, as well as increased competition amongst e-commerce retailers. However, gains would be curbed by higher borrowing costs and rising oil prices, respectively;
ii. Marketing and publishing service providers (2.3% of GDP) to be lifted by wholesale trade improvement;
iii. IT & communications sector (3% of GDP) to continue to benefit, as the nation continues to digitalise;
iv. Banking and finance (6.5% of GDP) to benefit from rising NIMs and loan growth recovery;
v. Healthcare and social (1.5% of GDP) activities should continue to expand robustly due to the ageing population.

Losers:
i. Real estate services (4.4% of GDP) should be affected by rising mortgage costs, low rentals, and immigration curbs;
ii. Retail trade (1.4% of GDP) would likely continue to suffer from online disruption and weak consumer sentiment.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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