SMEs told to adapt, be pro-active

IN today's business environment, small and medium-sized enterprises (SMEs) must bite the bullet and adapt or risk being phased out.

That is the message which the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has been working hard to convey to SMEs, given the unwavering government stance on productivity, restructuring, and manpower, says SCCCI president Thomas Chua.

"Our manpower policies will never U-turn, and the ratio of local to foreign labour will always be there," he says.