Better ways to help SMEs break into the region

Instead of a loan, how about the Government getting involved like a private equity investor to help SMEs scale up? Former MAS and GIC official Teh Kok Peng offers this and other ideas on how to help SMEs regionalise

In the mid-1980s, when the former World Bank economist Teh Kok Peng was working at the Monetary Authority of Singapore, he recalls being summoned to a meeting with then Prime Minister Lee Kuan Yew.

Singapore was in the midst of a recession, and the topic for discussion was nothing less than Singapore's economic strategy. Dr Teh believed that Singapore should focus more on tapping the fast-growing economies of the region rather than depending largely on multinational corporations.


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A version of this article appeared in the print edition of The Straits Times on April 27, 2018, with the headline 'Better ways to help SMEs break into the region'. Print Edition | Subscribe