Channel NewsAsia: Micro firms in Singapore face pressure to raise prices amid impending GST hike

Budding entrepreneurs and small business owners in Singapore are worried about the survival of their operations, as the country prepares for an impending GST hike. About 200,000 firms belong to the category of micro firms, which typically make under S$1 million a year. Michelle Teo looks at how they are preparing for the additional two percentage points increase in GST.