Budget 2018 paves the way for tomorrow's bold new partnerships

BY encouraging Singaporean firms to create global value through partnerships forged at home and abroad, Budget 2018 lays the foundation for the next phase of national growth.

In his budget speech on Feb 19, Finance Minister Heng Swee Keat stressed the need to strengthen and create an even more vibrant economy driven by innovation, deepening of capabilities, and partnerships. This was reinforced when Minister for Trade and Industry (Industry) S Iswaran announced that the government will allot S$100 million over the next three years for SME partnerships through the integrated Pact programme.

For Singapore's fast-growing medium enterprises (FGMEs), the implications are clear.