Some companies looking to hire in next 6 months, says survey

Some companies looking to hire in next 6 months, says survey

Some Singapore companies are positive about employment prospects in the future even though concerns about rising costs and global economic uncertainties have pulled business sentiment down.

Three of the 10 Singapore companies polled in the Thomson Reuters/Insead Asia Business Sentiment Survey indicated that they were positive about increasing hiring in the next six months.

One of these Singapore companies was from the property sector here, even though all three Singapore property companies surveyed reflected a neutral stance on business sentiment.

A Singapore company from the airline sector also indicated that it was positive about increasing employment opportunities despite its negative outlook on the future.

The third Singapore company upbeat about its hiring in the future comes from the resources sector, said Matt Driskill, senior editor in charge of the survey for Thomson Reuters.

Even though companies surveyed from the shipping sector were generally neutral on business sentiment, with one of them indicating a positive outlook, there was one that reflected a negative view on its hiring for the coming six months.

Firms in the shipping sector in Singapore were also negative about orders and sales in the same period with firms in the financial sector, and three companies in the resources and property sectors stating a neutral stance on this.

Generally, however, firms in the food and property sectors were positive about orders and sales in the next six months.

Broadly, companies polled in Singapore were still more concerned about the global economic uncertainties than other risks.

Out of the 10 companies in the survey, eight indicated that this was their biggest concern while the other two placed rising costs at the top of their lists of perceived risks.

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