Singapore Budget 2016: SMEs largely support SBF position paper

Singapore

OWNERS of small and medium-sized enterprises (SMEs) have picked up on the Singapore Business Federation's (SBF) proposal for the government to consider having pension funds invested in the local stock market.

But Clinton Ang, managing director of wine merchant Hock Tong Bee, thinks this money might be better funnelled into helping SMEs - specifically SMEs that are owned by Singaporeans and are not listed, and which also are not subsidiaries of multinational companies.