Businesses in Singapore are expanding, because there are still many development projects coming up on the island city - mainly the 2 integrated resorts (with hotels, exposition space, casino and mega resort hotels). Hence businesses supplying to these development projects are booming right now. Hotel industry is also doing quite well. My daughter who runs a F&B supplies business is quite busy, despite rising food costs eroding profit margins, they are doing more volume to make up for the loss profits.
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