SINGAPORE (Jan 7): Only four in 10 small- and medium-sized enterprises (SMEs) in Singapore have made plans to manage a planned increase in goods and services tax (GST) to 9%, according to a survey by United Overseas Bank (UOB).

In addition, the survey found small businesses with less than S$20 million in revenue, were less prepared for the GST increase.

Less than a quarter of these companies reported having started implementing measures to mitigate the GST increase, such as...(click on link for full story on theedgesingapore.com)