Local enterprise measures will help companies as costs rise, observers say

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.