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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal