Foo Mee Har on maintaining a vibrant SME sector

Foo Mee Har on maintaining a vibrant SME sector

To maintain a strong and vibrant SME sector, MP for West Coast GRC Foo Mee Har appealed to the government to maintain flexibility in applying policies.

SINGAPORE: To maintain a strong and vibrant SME sector, MP for West Coast GRC Foo Mee Har appealed to the government to maintain flexibility in applying policies.

Referring to the new Dependency Ratio Ceilings for foreign workers, Mdm Foo said in Parliament that there is room for the quotas to be further refined, to take into account company size, sector grouping and at which stage of growth the company is in.

"For companies that have clearly embarked on a journey to restructure for productivity, we should exercise discretion - give them the 'breathing space' they need to ready themselves for the gains that are to come," she said.

She also suggested streamlining the various government schemes that support productivity, making it easier for SMEs to tap into them.

As such, she called on the government to reach out to SMEs with tailored sector-level interventions and support and be able to replicate best practices quickly within each sector.

She said: "I would like to suggest to the government to align all the productivity schemes to be company-centric, organised along the lines of the 16 priority sectors identified by the National Productivity and Continuing Education Council (NPCEC), such as Electronics, Retail, Hotels, Construction and Manufacturing."

She also urged the government to help companies capture new opportunities for growth internationally, leveraging on the strong "Singapore" brand to open doors and structure attractive deals.

Source: CNA/cc

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