"Generally, I think the Budget is continuing to point to a potentially higher cost environment," said Kurt Wee, president of the Association of Small and Medium Enterprises (ASME). "We're not cutting levy although we're deferring it, and we're increasing Central Provident Fund (CPF) contributions
ST PHOTO: ARTHUR LEE CH
WHILE the extension of the corporate income tax rebate and Wage Credit Scheme is welcomed, businesses say the raft of rebates and scheme enhancements does not necessarily point to lower costs for businesses.
"Generally, I think the Budget is continuing to point to a...