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BUDGET 2015

Building a conducive ecosystem for SMEs

While Singapore has done much to ease the burdens on small businesses, perhaps it's time to place even more focus on SMEs from a policy point of view.

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The government could establish separate tax incentives specifically for SMEs with a set of criteria that is more aligned with performance of SMEs.

SMALL and medium enterprises are important job creators in the Singapore economy and their resilience is essential to sustainable economic growth. The government has been driving a strong emphasis on the development of the SME sector. Singapore has the most SME-friendly government, according to