A Budget for business that’s more than just a safety net
From tech to private credit to workforce transformation, Budget 2025 isn’t just about cushioning against uncertainty – it’s about seizing the next wave of opportunities.
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Budget 2025 has provided not just a navigational map but the requisite resources to strengthen our ballast to provide stability while building new capabilities, says the writer.
ST PHOTO: LIM YAOHUI
Kok Ping Soon
The opening segment of Prime Minister Lawrence Wong’s Budget 2025 speech was brief but sobering. Despite the strong economic growth we achieved in 2024, we are entering choppier waters.
For the first half of 2025, there is momentum carried over from last year as businesses front-loaded activities in anticipation of the looming trade war. But the outlook for the second half is less rosy. Geopolitical contestation and economic fragmentation create a potent volatile mix that will generate significant uncertainties for businesses.
