Singapore tech should have much to expect in 2017

This year has been tough-going in more ways than one and, by most accounts, Singapore's economy is expected to be heading for rougher seas in 2017. According to a survey by the Singapore Business Federation, 63 percent of local companies said the economic climate worsened in 2016 and 48 percent believed the downward spiral would continue in the new year. The Monetary Authority of Singapore also warned that the bleak economic landscape was not expected to clear up next year, which would see trade-related sectors continue to struggle and demands. External demand also would continue to be uneven across the country's key export markets, the central bank said. The tech industry, however, could provide some light amid the economic overcast.