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 initiatives helping those on the rebound to do even better, and to innovate and transform for the challenges and the opportunities going forward."