I met a woman who is a professional engineer and boss of a company that employs three staff.
She is moving to Kuala Lumpur where the business prospects are better., She finds the business in Singapore to be too competitive and the cost to be too high.
I agree with her. I told her that the government introduces many wasteful activities that are costly. Recently, they wrote to companies to appoint a Data Protection Officer under the Privacy and Data Protection Act. This requirement applies to all companies and associations, including those that do not have any full time staff.