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The latest quarterly Singapore Business Formation Statistics Report released by Janus Corporate Solutions shows a total of 15,457 new business formations in Singapore during the third quarter of 2013. The figure represents an 8.45% increase from the prior year. This reconfirms the overall trend of continued growth from the past year even though the figures show a slight decline from the previous exceptionally robust quarter.
The statistics published in the report show a largely stable breakdown with private limited companies continuing to take up majority of the business entity types at 8,809 formations, of which 84.48% were exempt private limited companies...