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A leading business setup information portal, www.SingaporeSetup.com predicts that services sector will act as the new economic engine that will create more jobs and new business ventures in Singapore over the coming years.

The results of the Q4 2010 Business Expectations Survey for the services sector that was conducted by Singapore's Department of Statistics shows that 27% of the firms in the services sector have a positive business outlook for the next six months. 20% of the firms not only anticipate higher business receipts in the months to come but are also bullish about increasing their manpower base. In particular, industries such as wholesale and retail trade, amusement and recreation, business services, financial services, hotels, and IT related services are expected to experience favorable business conditions over...

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