SGSME logo
Xero Budget Roundtable 2023
·
SUBSCRIBERS

SMEs can tap digitalisation, grants to mitigate rising costs: business leaders

Doing so will also enable SMEs to lay the foundation for a more productive and efficient business

Renald Yeo

Renald Yeo

Published Thu, Mar 16, 2023 · 05:50 AM
    • The shortage of talent is a significant constraint – particularly tech talent, where job market demand is outpacing supply, panellists said.
    • The shortage of talent is a significant constraint – particularly tech talent, where job market demand is outpacing supply, panellists said. PHOTO: YEN MENG JIIN, BT

    AS SMALL and medium-sized enterprises (SMEs) in Singapore grapple with rising costs, they should consider adopting digital tools and making greater use of government schemes to mitigate these costs, said business leaders at a post-Budget webinar on Tuesday (Mar 14).

    By doing so, SMEs can also lay the foundation for a more productive and efficient business, which is crucial in today’s volatile and uncertain macroeconomic environment, said panellists at the Xero Community: SG Budget 2023 event hosted by global small business platform Xero and the Singapore Business Federation.

    “Digital solutions are critical to business survival and staying competitive in what’s frankly an incredibly competitive environment,” said Koren Wines, managing director of Xero Asia.

    Copyright SPH Media. All rights reserved.