16 Feb '11, 2pm

Budget: What SMEs want

SINGAPORE: Small and medium enterprises (SMEs) said rising costs and labour shortages are two of their key concerns this year. They said they want more help from this year's budget to tackle these challenges or inflation may erode their profit margins. They added they also need more assistance in identifying a government programme that best suits them. Noel Gifts International managing director Alfred Wong said: "We are a little bit concerned because of the high inflation factor coming through. "And as a result of rising transport costs, rental costs and salary costs, as well as many other operating costs, there would be a major margin compression for SMEs in Singapore. "So we hope to see the government continue to support in the area of productivity and introduce more on-the-job training and support. Inflation hit a two-year high of 4.6 per cent in December last year and ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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