Greater number of firms expected to wind up in coming months, say experts

SINGAPORE – Despite the recent uptrend in business formations in Singapore, entity closures are also expected to rise in the coming months, experts said.

Around 35,400 were de-registered between January and October – lower than the average of 41,100 seen over the same 10-month period between 2015 and 2019, according to data from the Accounting and Corporate Regulatory Authority (Acra).

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Source: Read Full Article