Committee of Supply 2023 debate, Day 3: Derrick Goh on helping SMEs cope in a challenging environment
Singapore’s small- and medium-sized enterprises (SMEs) continue to navigate a challenging environment, including rising costs, high interest rates, the GST increase and the raising of the CPF salary ceiling, said MP Derrick Goh in Parliament on Tuesday (Feb 28). He wanted to know what further measures the Ministry of Trade and Industry will provide to support SMEs and encourage them to adapt. Noting that Deputy Prime Minister Lawrence Wong said agencies will continue to streamline and improve the application process for Government assistance schemes, Mr Goh asked for more details on what refinements are being considered and whether there will be more forums for SMEs to provide feedback.
Singapore’s small- and medium-sized enterprises (SMEs) continue to navigate a challenging environment, including rising costs, high interest rates, the GST increase and the raising of the CPF salary ceiling, said MP Derrick Goh in Parliament on Tuesday (Feb 28). He wanted to know what further measures the Ministry of Trade and Industry will provide to support SMEs and encourage them to adapt. Noting that Deputy Prime Minister Lawrence Wong said agencies will continue to streamline and improve the application process for Government assistance schemes, Mr Goh asked for more details on what refinements are being considered and whether there will be more forums for SMEs to provide feedback.
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