SINGAPORE - The initiatives in Singapore s latest Budget will help keep the worst-hit firms afloat while supporting others in transforming and expanding, said experts at a roundtable discussion organised by The Straits Times and UOB on Wednesday (Feb 17).
They underlined that such initiatives are especially important as government resources are finite and will have to move towards helping growing firms to innovate and stay competitive.
They also noted that as the Jobs Support Scheme (JSS) tapers off, the Budget announced on Tuesday has introduced new measures to help businesses grow rather than return to the status quo.
Mr Douglas Foo, president of the Singapore Manufacturing Federation and vice-chairman of the Singapore Business Federation, said at the event: The Budget is able to target the short-term challenges that enterprises are facing, so it s very focused on some of those groups that are heavily impacted, like aviation and tourism, and at the same time. there are also ini
Company bosses and workers have to transform their mindsets to ensure their businesses keep up amid the upheaval caused by the pandemic, experts said at a Budget discussion.. Read more at straitstimes.com.
The Straits Times
Reskilling workers critical in next few months as Jobs Support Scheme tapers off: Labour MP
Our panel – moderated by ST associate editor Vikram Khanna – discusses the initiatives put forward in DPM Heng Swee Keat s Budget 2021.
PublishedFeb 17, 2021, 8:41 pm SGT
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