Business associations say schemes to help SMEs can be fine-tuned

Prime Minister Lee Hsien Loong said in his National Day Rally Speech that the government will help SMEs cope with the challenges of economic restructuring, such as the fine-tuning of present schemes to help firms regionalise or adopt a more "inclusive growth agenda" for SMEs. SMU Vice President, Business Development and External Relations, Associate Professor of Finance Annie Koh suggested a placement scheme to help identify and match professionals who are unemployed to work at SMEs to help the businesses build up their capabilities, noting that the government could co-pay the wages of these professionals for a period of six months. She added that there is a need to ensure that SMEs do not become over leveraged as they adapt to economic restructuring.

Source
Channel NewsAsia