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SMEs still looking to government for help and funding: poll

This suggests that beyond greater incentives, there may be a need to raise awareness of government's initiatives

Mindy Tan

Mindy Tan

Published Mon, Mar 21, 2016 · 09:50 PM

Singapore

DESPITE numerous initiatives rolled out by the government to help small and medium enterprises (SMEs), their Budget wishlist continues to revolve around incentives and subsidies, a UOB survey found.

According to survey respondents, 26 per cent are looking for incentives/help for overseas expansion, 25 per cent are looking at government-backed financing schemes for SMEs and 20 per cent are looking at incentives/subsidies for technology investments.

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