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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

Postby 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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Postby mrswkn » Tue, 12 Jul 2011 1:47 am

One of it is increased CPF contribution.

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sundaymorningstaple
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Postby 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.

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ScoobyDoes
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Postby 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.'

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ksl
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Postby 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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