Committee of Supply 2026 debate, Day 3: Tin Pei Ling on support for local SMEs
Small- and medium-sized enterprises (SMEs) in Singapore face distinct challenges alongside day-to-day operational constraints and pressures to transform. They must internationalise because Singapore's domestic market is limited. Rental and manpower are among their largest cost components, and compliance burden is also a concern. What steps will the Ministry of Trade and Industry (MTI) take to ensure local SMEs remain the anchor in Singapore? Will MTI expand programmes to help SMEs further optimise costs in some areas? MP Tin Pei Ling raised these questions in parliament on Monday (Mar 2).
Small- and medium-sized enterprises (SMEs) in Singapore face distinct challenges alongside day-to-day operational constraints and pressures to transform. They must internationalise because Singapore's domestic market is limited. Rental and manpower are among their largest cost components, and compliance burden is also a concern. What steps will the Ministry of Trade and Industry (MTI) take to ensure local SMEs remain the anchor in Singapore? Will MTI expand programmes to help SMEs further optimise costs in some areas? MP Tin Pei Ling raised these questions in parliament on Monday (Mar 2).
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