Sweetening the deal for firms to innovate and expand abroad
Government to introduce two new schemes, boost existing incentives
Singapore
THE government is pushing more Singapore companies to go overseas and innovate - and will introduce two new schemes, while amping up existing incentives, to make it happen.
This comes as Tharman Shanmugaratnam, Deputy Prime Minister, and Minister of Finance, on Monday said that the lag in productivity growth resulted mainly from the poor performance of domestic-oriented sectors.
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