Businesses confidence in Singapore rose in the first half of the year on the back of improving access to capital and a brighter economic outlook, a survey published by the Association of Chartered Certified Accountants (ACCA) on Thursday showed.
According to the survey, 44 percent of finance professionals surveyed were more optimistic about the macro-economic environment in the first half of the year, saying things were either getting better or about to do so,compared with only 19 percent in the second half of 2012.
The findings are part of a global economic conditions survey(GECS), which ACCA says is the largest quarterly economic survey of accountants in the world.
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Of the respondents to the survey in Singapore, 38 percent reported a loss of confidence in the prospects for their companies in the first half of the year, an improvement from 52 percent in the second half of last year.