Singapore business confidence falls to 1-year low

Business confidence in Singapore slipped to its lowest level in a year for the final quarter of this year, as reverberations from global uncertainties sparked by geopolitical risks cast a pall over local firms, a survey found.

The latest quarterly study by the Singapore Commercial Credit Bureau on business confidence found overall sentiment for the fourth quarter to have taken a relative beating, with the Business Optimism Index (BOI) falling for the second straight quarter to a year's low of +10.79 percentage points.