Low Yen Ling responds to motion on an economy of the future that works for all

The government’s goal is not just to help businesses weather the new storm, but to help them grow, improve their competitiveness and strengthen their resilience to scale and compete internationally. It will continue to create the conditions of a vibrant and effervescent enterprise ecosystem to help them flourish and thrive. Senior Minister of State for Trade and Industry Low Yen Ling highlighted this approach in response to Members in parliament on Wednesday (Aug 5). She pointed out that most small- and medium-sized enterprises recognise that transformation is no longer optional, and the question is how they can transform in a practical, accessible and sustainable manner. There is no one-size-fits-all approach and this why the government tailors its approach to support the company's needs - in areas like adopting AI, improving productivity, developing new product services and expanding into new markets, she added.