BUDGET 2022
Local enterprise measures will help companies as costs rise, observers say
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Singapore
THE government's initiatives to strengthen the local enterprise ecosystem will help to boost the global competitiveness of small and medium-sized enterprises (SMEs), as well as large local enterprises (LLEs) in particular, industry observers said, in what they deemed as a "timely" and "targeted" roll-out.
This is because companies are set to face an increasingly challenging operating environment with higher business costs, as a result of tighter labour market conditions and supply chain disruptions, they told The Business Times.
