Commentary: Time to review Government assistance to SMEs

Generally speaking, SMEs in Singapore provide employment for some 70 per cent of the local work force. Understanding how the Government can better support a thriving local private sector, as well as prepare it for disruptions brought about by technological advances could benefit SMEs tremendously.

Of the four points stated in the article, the balance between preventing the abuse of grants/schemes and the ease of application for said grants/schemes for SMEs, stood out. At present, SMEs are still required to go through rather lengthy forms to submit an application and can be tedious for micro SMEs. This is due to multiple reports of abuse of the Productivity and Innovation Credit (PIC) Scheme.

Following that, the Government will monitor schemes with take-up rates as the primary metric. Particularly, where financing and managing one’s company’s cash flows are key issues for SMEs, the Government aims to streamline the process of application. One can expect loans to be more accessible for SMEs, where loan sums involved are possibly too small for SMEs to qualify or even apply for.

https://www.channelnewsasia.com/news/singapore/commentary-government-assistance-smes-business-budget-2018-9950140

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Big data
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The recipe
A bad girl
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attitude
movies
rendezvous
sex
toys
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health
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outdoors
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science
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training
business
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fashion
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magazine
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Street fashion
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tourism
travel
Fitness equipment
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nutrition
Nutritious food
routine
training
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Yoga
Classic cars
evaluation
technique
transact
Classic cars
technique
transact
Fashion magazine
Fashion show
Female models
fitness
health
lifestyle
Small tools
travel
The recipe
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car
games
Motor car
movies
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Science and technology
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health
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outdoors
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training
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attitude
movies
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Small tools
Street fashion
The recipe
travel
hygiene
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The recipe
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