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Singapore business confidence above global average

Nurdianah Md Nur | Oct. 9, 2013
Efficiency is becoming a key driver for organisations in the republic to remain competitive without compromising on growth.

Singapore's business confidence currently stands at 136 points, well above the global average of 113 points, according to the latest Regus Business Confidence Index (BCI).

The BCI survey revealed that efficiency is becoming a key driver for organisations to remain competitive without compromising on growth. Nearly half (46 percent) of the organisations in the republic surveyed said that they will focus on staff retention, while 55 percent of them will focus on cost-effective service provisions over the next 12 months. By doing so, they hope to optimise business processes and gain maximum advantage from existing assets without compromising on expansion plans.

A quarter of the respondents are also looking at reducing their fixed office space to be more cost-efficient. Regus CEO Mark Dixon supports this move as he believes that "utilising flexible workspaces can impact on the bottom line and encourage sustainable growth."

The Regus BCI survey canvassed the opinions of more than 20,000 senior executives across 95,000 countries.

 

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