20-05-2025
Some Singapore firms on 'life-support mode' amid crippling US tariffs: ASME's Ang Yuit
Some Singapore companies are shelving expansion plans amid crippling US tariffs. The Association of Small & Medium Enterprises said some firms are on "life-support mode", while one non-bank lender said there are warning signs of cash flow instability. Funding Societies has seen a 15% dip in loan requests and submissions, adding that firms are also hesitant to take on loans as they reconsider their cash flows to stay afloat.
