22 Jan 2018: Economy and SME Financing News
Singapore’s non-oil domestic exports (NODX) expanded a more modest 3.1% in Dec, after a blistering 9.1% jump in Nov, and missing economists’ estimates of 8.6%. Electronics exports which had been a main growth driver for 2017, fell 5.3%. In contrast, non-electronics shipment, rose 6.8%. The NODX increase were largely due to the European Union, South Korea and Malaysia. NODX to Singapore’s top 10 markets went up, with the exception of Hong Kong, Taiwan, China, Thailand and Indonesia.
The relevant report can be found at the website of the I.E. Singapore.
The NODX report for Dec suggested some tapering of the strong economic growth in 2017. Is your SME still riding the wave of new business growth and therefore need to expand production capacity? If you are thinking about financing options like working capital loans, invoice financing/factoring or cross-border financing, we will be happy to discuss the options for simple and affordable financing for your SME.
At IFS Capital Limited, we understand that all businesses are different in their needs and characteristics. That is why we are happy to explore financing options that meet the unique needs of your SME.
Why not drop us a note by clicking this form here and we can discuss this in further detail with you.
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