Helping S'pore SMEs stay agile in the digital economy

Singapore

THE rise of the digital economy is recognised as a promising growth area for Singapore, validated by various perspectives gleaned from work by the Committee on the Future Economy (CFE) and the measures targeted at deepening digital capabilities, as unveiled in Budget 2017.

At the same time, small- and medium-sized enterprises (SMEs) remain a fundamental growth segment for Singapore, notwithstanding the pressures on costs and profitability that have beleaguered many in the last few years, exacerbated by wider economic and geopolitical volatility that has dampened local economic growth.