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Budget 2021 eyes future growth even as it offers firms lifeline now
Govt resources finite and must be directed at helping growing firms innovate: Experts
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Speaking at the roundtable discussion organised by The Straits Times and UOB on Wednesday were (from far left) Singapore Manufacturing Federation president and Singapore Business Federation vice-chairman Douglas Foo; NTUC assistant secretary-general and labour MP Desmond Choo; UOB economist Barnabas Gan; Professor Hoon Hian Teck, dean of Singapore Management University's School of Economics; and ST associate editor Vikram Khanna, who was the moderator.
ST PHOTO: GIN TAY
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The initiatives in Singapore's latest Budget will help keep the worst-hit firms afloat while supporting others in transforming and expanding, said experts at a roundtable discussion organised by The Straits Times and UOB on Wednesday.
They underlined that such initiatives are especially important as government resources are finite and will have to be directed towards helping growing firms to innovate and stay competitive.
