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Inflation, GST hike key concerns raised at SBF panel discussion on business outlook
SBF chief Lam Yi Young, who moderated the panel, noted that companies are concerned about the impact inflationary pressures will have on their businesses in the coming year, and are worried about how the upcoming tax hike will exacerbate this.
Manpower costs were also the most cited business challenge by respondents to the latest National Business Survey by SBF; 48 per cent of those polled named it as a concern.
