SINGAPORE BUDGET 2021
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Old-school sectors could benefit from S$1b in funding platform
But some observers are calling for the scheme to reach out to larger SMEs in need of more support to scale up
Published Tue, Feb 16, 2021 · 09:50 PM
Singapore
LARGE Local Enterprises (LLEs) hit by cautious sentiment in the private equity (PE) market - especially those in traditional sectors such as retail and manufacturing - could gain a boost from a new funding platform equipped with S$1 billion from the government and state investor Temasek, industry observers said.
But some are calling for the scheme to uplift the "sandwiched" class of mid-sized companies as well.
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