Budget 2025: Budget measures will boost innovation, ease manpower crunch, say retailers
Retailers say the additional support announced in this year's Budget will boost innovation and ease the manpower shortage. These include enhancements in upskilling, wages and digital transformation. Businesses are also hoping for help with rising rental costs and manpower constraints. In his Budget address, Prime Minister Lawrence Wong had said that more support will be given to enterprises to scale up, execute their growth plans and compete on the global stage. Nadirah Zaidi with more.
Retailers say the additional support announced in this year's Budget will boost innovation and ease the manpower shortage. These include enhancements in upskilling, wages and digital transformation. Businesses are also hoping for help with rising rental costs and manpower constraints. In his Budget address, Prime Minister Lawrence Wong had said that more support will be given to enterprises to scale up, execute their growth plans and compete on the global stage. Nadirah Zaidi with more.