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Business Climate

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
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ksl
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Business Climate

Post by ksl » Mon, 11 Jul 2011 11:44 am

Would like to hear if other business is feeling the effects of rising costs?
Just for a general picture of the climate here!

Think we have seen an increase of 15 -20%

mrswkn
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Post by mrswkn » Tue, 12 Jul 2011 1:47 am

One of it is increased CPF contribution.

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sundaymorningstaple
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Post by sundaymorningstaple » Tue, 12 Jul 2011 6:59 am

half of one percent? that was taken away from us a couple of years ago? that's not an increase in costs, just an decrease of the change that went into the director's pockets.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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ScoobyDoes
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Post by ScoobyDoes » Tue, 12 Jul 2011 9:47 am

We're not coming up against many problems associated with rising costs..... just a lower business volume :(

I don't know if that is a result of my clients feeling the effects instead, though, in which case my indirect answer would also be yes I'm feeling the effect.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'

SIR Stirling Moss OBE

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ksl
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Post by ksl » Tue, 12 Jul 2011 11:39 am

scoobydoes:just a lower business volume
Interesting, yes i agree business volume is not improving on 2010, Though we are in F&B import, distribution, seeing costs rise on import, food price, fuel, vehicle maintenance insurance and such. ERP charges and parking fees are ridicules and we can only deliver in the day time.

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