Govt to review ways to cut business costs

Singapore

THE government is looking at ways to make it easier for companies to do business in Singapore, said Finance Minister Heng Swee Keat on Friday.

"We will review existing regulations to reduce compliance burden and costs, particularly for small companies, as well as further leverage information-communications technology to deliver improved services to businesses," he said in his ministry's addendum to the President's Address.

The statement was issued in response to points made by President Tony Tan Keng Yam at the opening of Parliament last week, during which he spoke of the need for citizens and the gov…