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SMEs hail Budget initiatives to help with restructuring, growth

Published Mon, Feb 23, 2015 · 09:50 PM

Singapore

BUDGET day saw several hundred SME guests attending this year's OCBC's Global Enterprise Banking Chinese New Year thank you party on Monday night, and with SMEs a focus of the Budget, it naturally provoked lively discussions.

"As SMEs remained challenged by the restructuring of the economy and on-going transformation of their businesses, the extension of the Wage Credit Scheme, income tax rebate and deferral of the foreign worker levies will go a long way in easing their burden as they double their efforts to improve productivity amidst rising busin…

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