Against a backdrop of rapid technological change and global uncertainty, Finance Minister Heng Swee Keat delivered the Singapore Budget Statement on 20 February 2017. The Budget was a clarion call for Singapore to take decisive action to reposition for the future, through developing strong capabilities in our firms and workers, as well as forging deep partnerships in our economy. The important message was that Singapore has to adapt to the changing environment to thrive and prosper as the world undergoes deep shifts and disruptions that will create new challenges, but also open up new opportunities.
The Institute conducted a Post-Budget focus group discussion on February 22, with participants from key trade associations and chambers (TACs), including those representing the small and medium-sized enterprises (SME) community. This article provides the key insights gathered from the focus group discussion.