Singapore saw 60K business closures in 2025-that's the highest in 8 years
From retail to finance, operational challenges are cutting across every industry Singapore recorded a notable increase in business closures in 2025, with more than 60,000 companies ceasing operations-the highest figure in the past eight years, according to data from Singapore's Department of Statistics. This comes despite Singapore's headline GDP growth remaining relatively strong in 2025, [...]