Committee of Supply 2026 debate, Day 3: Denise Phua on supporting SMEs to grow and thrive
On paper, the enterprise ecosystem looks comprehensive, as small- and medium-sized enterprises (SMEs) can be segmented by digital maturity and sector. They can also access advice on human resource, marketing, finance and operations. Yet outcomes remain uneven, said MP Denise Phua, and many SMEs are still struggling not just to transform but to stay afloat. Speaking in parliament on Monday (Mar 2), she highlighted three structural challenges faced by SMEs - bandwidth, capability depth and structural fragility in certain sectors. She also wanted to know how the government will help bridge the implementation gap when it comes to transformation. *Audio issues inherent from source
On paper, the enterprise ecosystem looks comprehensive, as small- and medium-sized enterprises (SMEs) can be segmented by digital maturity and sector. They can also access advice on human resource, marketing, finance and operations. Yet outcomes remain uneven, said MP Denise Phua, and many SMEs are still struggling not just to transform but to stay afloat. Speaking in parliament on Monday (Mar 2), she highlighted three structural challenges faced by SMEs - bandwidth, capability depth and structural fragility in certain sectors. She also wanted to know how the government will help bridge the implementation gap when it comes to transformation. *Audio issues inherent from source
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