Eight in 10 SMEs expecting more business incentives: DBS poll

Singapore

EIGHT in 10 small and medium enterprises (SMEs) in Singapore are expecting more business incentives in the upcoming Budget, looking to the government for a leg-up in supporting their business growth, according to a DBS survey conducted over the last week.

This is because manpower issues (26.5 per cent), high operational costs (21.5 per cent) and challenges in growing business revenue (21 per cent) continue to plague SMEs in a difficult economic environment. Manpower challenges include hiring the right people (43 per cent) and retaining employees (27 per cent).