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flag Singapore businesses report 96% facing rising costs, urging government for tax relief and subsidies.

flag Nearly all Singapore businesses, per a recent survey, are facing rising operating costs due to higher energy prices, with 96% reporting increased expenses. flag This includes higher costs for utilities, fuel, materials, and logistics, impacting sectors like retail and hospitality. flag Looking ahead, 39% of firms hold a negative outlook. flag Employers are urging the government for targeted support, including tax relief, energy subsidies, and delayed manpower policy changes to help manage these financial pressures.

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