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Call for Singapore to allocate funds for AI adoption and decarbonization initiatives


Singapore government buildings

RomanBabakin/Getty Images

The Singapore government has been called on to provide funding support so large enterprises can continue with their digital transformation programs and smaller businesses can begin their sustainability journeys.

These measures are necessary to safeguard the country’s prosperity amid an increasingly uncertain global climate, according to a report released by KPMG in Singapore (KPMG) and the Singapore Business Federation (SBF).

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The document outlines recommendations on what the government should include in its upcoming budget to maintain Singapore’s appeal as a destination for foreign direct investment in light of growing competition from other financial hubs.

Deputy Prime Minister and Minister for Finance Lawrence Wong is scheduled to deliver the nation’s fiscal 2024 budget plan on February 16.

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Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.
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