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Call for cost relief, manpower support in Budget 2026
The Straits Times
|November 29, 2025
Requests by S'pore firms come as business confidence takes a hit: SBF poll
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The call for Budget support comes as companies grapple with a deteriorating profitability outlook. The industries with the lowest profitability expectations are the retail trade, hotel, restaurant and accommodation sectors. Nearly four in 10 SMEs anticipate conditions will worsen over the next year. ST PHOTO: KUA CHEE SIONG
(ST PHOTO: KUA CHEE SIONG)
As business sentiment weakens amid persistent global uncertainties, Singapore companies are looking to Budget 2026 for stronger government support.
Among their top asks for the upcoming Budget are schemes to manage rising costs, the development of the local workforce and improvement of cash flow, according to a survey by the Singapore Business Federation (SBF) released on Nov 27.
Their request comes as business confidence has taken a hit, with SBF's business sentiment index (BSI) falling to 52.2 in the third quarter of 2025, from 55.4 in the second quarter.
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