SME Association: "Some Singapore firms on 'life-support mode' amid crippling US tariffs"

[Orionz]

Some Singapore companies are shelving expansion plans amid crippling US tariffs. The Association of Small & Medium Enterprises said some firms are on "life-support mode", while one non-bank lender said there are warning signs of cash flow instability. Funding Societies has seen a 15% dip in loan requests and submissions, adding that firms are also hesitant to take on loans as they reconsider their cash flows to stay afloat.



PAP voted back in riaos, why still never zho gang?
Isn't obvious that SME Towkays need some help?

 

[Medicated Oil]

They want the white side to be santa ?
Where got so easy ?

 

[Akky85]

Some Singapore companies are shelving expansion plans amid crippling US tariffs. The Association of Small & Medium Enterprises said some firms are on "life-support mode", while one non-bank lender said there are warning signs of cash flow instability. Funding Societies has seen a 15% dip in loan requests and submissions, adding that firms are also hesitant to take on loans as they reconsider their cash flows to stay afloat.



PAP voted back in riaos, why still never zho gang?
Isn't obvious that SME Towkays need some help?

The only thing PAP knows what to do is to throw money at a problem, hoping things will self resolve.

If throwing money does not work, then it's time to play the ''you buey gan la other can why u cannot'' card.

If that fails as well, attempts from media to sweep dirt under rug will be on 200% overdrive mode coupled with how firms can ''self innovate'' or ''reinvent'' or ''sway with the wind business model''.

If all else fails... well... just diam diam lor. Not like anyone's getting pitchforks out right? After strong mandate is what they are after, get liao you die your business lor.

 

[Orionz]

They want the white side to be santa ?
Where got so easy ?

PAP ish more pro business than pro workers
what do u think

 

[lalalalalala]

So these scums realize they cannot compete with taobao already after years of handout and flipping and passing costs to consumer?

Majority of sg biz is 0 value add. Only import and flip. There's no innovation

 

[samferguson]

Time to increase gst to help the poor towkays... oh wait ...

 

[English Teacher]

So kua zhang

 

[Kain999]

Great news. Hope trump further increase tarriffs for SG. Else give them mandate but they nothing much to do will be very bored.

 

[eggie011]

Our SME got export things to US? So satki.

 

[AndroidComa]

i think those companies are struggling cos of the ever increasing rentals

 

[Courage]

Singapore only export 8% of total exports to the US, and the tariff is only 10% on wholesale price, paid by Americans. They will certainly export less to US now but life support? That's ridiculous

 

[keewee0415]

So these scums realize they cannot compete with taobao already after years of handout and flipping and passing costs to consumer?

Majority of sg biz is 0 value add. Only import and flip. There's no innovation

Maybe they should try to innovate the way they flip lor, like Prism+ and Sterra...

Afterall, never let a good crisis goes to waste right?

 

[socratesg]

SME towkays got what they voted for ??

 

[Jay6789]

sinkies also on life support mode, the cdc vouchers will keep all alive.

 

[dqwong]

So these scums realize they cannot compete with taobao already after years of handout and flipping and passing costs to consumer?

Majority of sg biz is 0 value add. Only import and flip. There's no innovation

I am glad to know that manually mixing and pouring imported soap and shampoo by hand by three people is extremely value add and innovative business model.

 

[Orionz]

Our SME got export things to US? So satki.

feels abit weak
10% tariff nia chibabooms cannot survive riaos
i thought we r high value exporters

 

[Orionz]

I am glad to know that manually mixing and pouring imported soap and shampoo by hand by three people is extremely value add and innovative business model.

as long as it makes marnee..

 

[dqwong]

as long as it makes marnee..

Seems much easier than cooking food in hot and cramp spaces for 8 to 12hours.

 

[Orionz]

Seems much easier than cooking food in hot and cramp spaces for 8 to 12hours.

there ish even a greater daft down the road

 

[Ubi-Warrior]

Tariffs paid in US?

I dont understand why they now going out of business?

Unless they importing stuff from overseas via US so they paying the tariffs in US before exporting from US to here