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SBF applauds the S$5.1 billion Solidarity Budget unveiled on 6 April by Deputy Prime Minister and Minister for Finance Mr Heng Swee Keat which provides strong reassurance on the Government’s unwavering commitment to help businesses and individuals ride through this economic storm.
The poll revealed that Singapore businesses have largely acknowledged that the Resilience Budget has been timely and impactful, with measures that have helped them meet their immediate needs, especially in the areas of wage costs and cashflow issues.
The SBF-Experian SME Index for 2Q20 – 3Q20F registered an overall reading of 48.3, the lowest reading since the inception of the SME Index in 2009.
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