Budget helps some SMEs, 'but others are struggling'

In a post-Budget panel attended by members of the Institute of Singapore Chartered Accountants, SMU Professor of Accounting Sum Yee Loong said that the Budget's measures were comprehensive enough for now, and that although government incentives are intended to reduce the risk factor for firms seeking to grow overseas, expanding abroad must still be a commercial decision. He said: "My view is that a businessman can smell profit from 2km away. So have a very business-friendly, conducive environment, and let them deal with their businesses.”