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SMEs, trade groups to get more help to team up for industry growth

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SMALL businesses in Singapore can look forward to a slew of new measures to help them expand, including more support from trade associations and chambers (TACs). Read more at The Business Times.

Meanwhile, the government looks forward to working with TACs on the Enterprise Leadership for Transformation programme earlier unveiled in Deputy Prime Minister Heng Swee Keat's Feb 18 Budget, said Senior Minister of State for Trade and Industry Chee Hong Tat.

Welcoming Singapore Manufacturing Federation president and Nominated MP Douglas Foo's suggestion that TACs also be ELT partners, Mr Chee said:"The business networks of TACs will be very valuable, and can support peer learning and collaboration." Under a new two-year pilot, these centres have been handed a fresh mandate to support small and micro companies that are ready to transform and expand, with targeted help in in-depth consultations and coaching and the development of detailed business plans.

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