BIZSpoke | Business Sentiment Drops Whats Next for Singapore Enterprises

13 JUNE 2025

SBF NBS Survey Reveals Drop in Business Sentiment as Businesses Face Rising Costs and Liquidity Challenges

SBF's latest National Business Survey (NBS) 2025 Singapore Budget Edition released on 28 May reported that local business sentiment saw a significant decline, with 40% of firms anticipating a worsening economic outlook—nearly doubling from 22% in the previous quarter. Key concerns included rising operational costs—especially in real estate and hospitality—and ongoing liquidity pressures. Despite these headwinds, many businesses remain committed to transformation, with a strong focus on AI adoption and internationalisation.

SBF CEO Kok Ping Soon said, "It is important that businesses stay the course in enterprise and workforce transformation by leveraging the slew of government support,” and called for closer collaboration between the government, financial institutions, and the business community to sustain momentum. Click here to view the NBS infographic.

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ASEAN Conference: ASEAN Integration in the Multipolar World

In today’s complex global environment—marked by protectionism, new economic powers, and climate challenges—ASEAN must unite to seize shared opportunities. The 9th ASEAN Conference, happening 2–3 July, will explore how ASEAN can deepen collaboration, navigate global shifts, and strengthen ties with Singapore and its business community to drive sustainable growth in a rapidly changing world.

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Help Trade Documents Go 100% Digital – 5-Min Survey

The APEC Business Advisory Council (ABAC) Singapore, through SBF’s Centre for the Future of Trade and Investment (CFOTI), is proposing a Centre of Excellence for Paperless Trade to accelerate the adoption of digital trade documents across APEC. With a focus on policy harmonisation, capability building, and implementation, the proposed Centre aims to achieve 100% digitalisation of key trade documents by 2030. This short survey will help shape the Centre to better serve regional priorities and support APEC businesses in their transition to paperless trade.

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Participate in SSFA’s Corporate Survey on Carbon Credit Claims Guidance

The Singapore Sustainable Finance Association invites you to share your organisation’s views to help shape credible, transparent guidance on voluntary carbon credit claims. Your input will support responsible carbon credit use and inform an industry-led framework for businesses in Singapore and beyond. This survey is supported the National Climate Change Secretariat and the Ministry of Trade & Industry Singapore.

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SUPPORTED EVENTS

SID Directors Conference 2025 – Transformational Directorship: Purpose, Practice, Performance, Progress

This year’s conference addresses the increasing complexity of board leadership amidst global shifts. Focusing on four pillars: Purpose, Practice, Performance and Progress, the conference explores how directors can align values with governance; develop key competencies; drive sustainable performance and embrace continuous learning.

As a Community Partner, SBF members enjoy up to S$150 off the public rates.

SAF Day Combined Rededication Ceremony - 1 July 2025

National Service (NS) is a cornerstone of Singapore’s defence and national resilience, it is essential in maintaining the stability and cohesion that enable businesses to thrive. Your participation reinforces the shared commitment and responsibility of the business community in upholding the peace and stability that anchor Singapore’s sustainable growth and economic competitiveness.

We strongly encourage all Operationally Ready NSmen to participate in the ceremony.

Unpack the Evolving Complexities of Data Protection in Today's Digital World

From the rapid development of generative AI to the rise of Privacy-Enhancing Technologies (PETs), and growing attention to cross-border data flows — discover how organisations can stay ahead with agility and accountability.

Join industry leaders and global experts as they share their perspectives through thought-provoking panels, hands-on workshops, and actionable insights designed to help organisations future-proof data strategies and drive responsible innovation.