The Business Times
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SINGAPORE BUDGET 2025

Budget 2025 may give firms support for long-term goals, but not short-term costs

Observers expect more funding for AI and sustainability efforts

Summarise
Elysia Tan

Elysia Tan

Published Fri, Jan 31, 2025 · 05:00 AM
    • "The Budget will seek to underline that it is pro-business and that the government is a reliable partner in helping businesses grow," says Prof Eugene Tan of SMU.
    • "The Budget will seek to underline that it is pro-business and that the government is a reliable partner in helping businesses grow," says Prof Eugene Tan of SMU. PHOTO: ST

    SINGAPORE’S companies can expect help in Budget 2025 – but not necessarily short-term goodies such as those that individuals might get in an election Budget, said observers.

    Rather, companies may get support to boost their competitiveness in a challenging environment. Apart from workforce-related help, there could be new or enhanced schemes for digitalisation and artificial intelligence (AI) adoption, sustainability and internationalisation.

    These are some “evergreen thrusts” that OCBC chief economist Selena Ling expects Budget 2025 to maintain.

    Singapore Budget 2025InnovationTax incentives

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