Sunny economy spurs budding enterprises

Number of new firms jumps 34% in Q4 as economy picks up: study

(SINGAPORE) A sunny economic climate appears to have a positive impact on the level of entrepreneurial activity, according to research by BT and the Accounting and Corporate Regulatory Authority (Acra).


Looking at the data from 2006 to 2009, the top growing industry was non-specialised retail in-stores, whose numbers grew an average of 30 per cent. This was followed by companies supporting services to education (23.7 per cent), and firms in social and community activities (18.1 per cent).


Article from Business Times

An interesting read for those considering taking the plunge.