Budget 2023 debate: Derrick Goh on helping SMEs ride the green wave
Some local businesses have given feedback that Budget 2023 is pro-redistribution and seemingly a shift away from pro-business growth, said MP Derrick Goh in Parliament on Thursday (Feb 23). Yet he noted that there are measures to help SMEs, such as the extension of the Enterprise Financing Scheme and Energy Efficiency Grant. He also welcomed the new Jobs-Skills Integrators as potentially benefiting SMEs, especially those which lack full human resources functions, through more relevant training with a targeted outcome to improve productivity. However, he raised the question of whether enough is being done to help local businesses and SMEs capture new longer-term opportunities, especially in the green economy. Mr Goh said SMEs must adopt greener practices in their delivery of services and products and track their carbon footprint, or risk being left out of tomorrow’s greener supply chain. Those which are more advanced in their green transition should also venture out to capitalise on regional prospects and help establish Singapore as a leading green hub. Mr Goh also said he looks forward to hearing the relevant ministries’ plans on tackling worrying crime trends such as scams and youth crimes, as well as fostering greater social harmony by better managing community disputes.
Some local businesses have given feedback that Budget 2023 is pro-redistribution and seemingly a shift away from pro-business growth, said MP Derrick Goh in Parliament on Thursday (Feb 23). Yet he noted that there are measures to help SMEs, such as the extension of the Enterprise Financing Scheme and Energy Efficiency Grant. He also welcomed the new Jobs-Skills Integrators as potentially benefiting SMEs, especially those which lack full human resources functions, through more relevant training with a targeted outcome to improve productivity. However, he raised the question of whether enough is being done to help local businesses and SMEs capture new longer-term opportunities, especially in the green economy. Mr Goh said SMEs must adopt greener practices in their delivery of services and products and track their carbon footprint, or risk being left out of tomorrow’s greener supply chain. Those which are more advanced in their green transition should also venture out to capitalise on regional prospects and help establish Singapore as a leading green hub. Mr Goh also said he looks forward to hearing the relevant ministries’ plans on tackling worrying crime trends such as scams and youth crimes, as well as fostering greater social harmony by better managing community disputes.
Popular Shows
