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New enterprises bloom in Singapore despite Covid-19 gloom, Companies & Markets News & Top Stories

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New enterprises bloom in Singapore despite Covid-19 gloom, Companies & Markets News & Top Stories

SINGAPORE – Companies were hit hard by the Covid-19 pandemic last year but local entrepreneurs still managed to defy the downturn to open a striking number of new businesses.

There were 63,480 new enterprises last year – a period that included Singapore’s worst recession since independence – up from 61,573 in 2019.

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