Half of expatriates surveyed here who renewed their housing leases recently were hit by rental hikes of more than 40 per cent, a survey by the European Chamber of Commerce found

About seven in 10 businesses indicated they are ready to relocate their staff out of Singapore if no help is offered to manage rising operating costs

The chamber's president told TODAY that Singapore's attractiveness to businesses has been harmed and is "most dire" it has been in at least the last 10 years