Talking about the new measures to help SMEs announced in this year’s budget, MP for Nee Soon GRC Lee bee Wah said that the government knows the challenges that SMEs face.
She said that the extension of schemes such as the Productivity and Innovation Credit Scheme will help to reduce the burden of investing into productivity boosting technology for SMEs.
This can in turn help them cope with the tightening labour market.
She summarized the budget as a “group-up” budget pointing out that a lot of help is being given out to various groups on the ground in response to different concerns raised n parliament and through grassroots.
Lee Bee Wah is in the government’s workgroup focused on helping SMEs cope with restructuring and the changing labour market.
She praised the budget’s efforts to give more to SMEs.