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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