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Framework to exit contracts will help SMEs reset their business: Edwin Tong

  • 📰 BusinessTimes
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ON their own, small and micro enterprises may not have the leverage to renegotiate contracts that have become too onerous due to Covid-19. Read more at The Business Times.

Mr Tong said the goal is to help the economy in the long term, and that the government seeks a fair balance rather than being "pro-landlord", "pro-tenant", "pro-supplier", and so on.ON their own, small and micro enterprises may not have the leverage to renegotiate contracts that have become too onerous due to Covid-19.

But as Singapore moves towards recovery, businesses should be enabled to reallocate resources,"rather than being stuck in a...

 

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