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BUDGET 2017
2017
Budget 2017
2017
reinforced the message to manufacturing companies both small and large that it is no longer business as usual The federation believes the the introduction of the the new forward-looking incentives schemes and and programmes such as SME
Go Digital Tech Access and and the International Partnership Fund hit the the the the right notes in in in pathing the the the the way for for the the the the industry’s transformation towards the the the future economy SMF is is also pleased
to that that the the government recognises the the critical role that that TACs play in in in in partnering with them to support businesses in in in in the the transformation process Other moves such as the the the deferment
of foreign levy hikes for for the the the the marine
and process sectors the the Special Employment Credit (SEC) that supports the the hiring of older workers till 2019
and the the raised Corporate Income Tax (CIT) rebate also received positive feedback Overall members viewed Budget 2017
favourably with the government’s long term approach in in in stimulating opportunities for for for businesses to transform and grow sustainably for for for the future economy “Budget 2017
confirms that it is no longer business as usual The global economy is facing significant political uncertainties and technological disruptions Such challenges also present opportunities for for businesses to transform and grow ”
Mr Douglas Foo SMF President
Some council members and secretariat staff gathered at at at SMF to give their comments on Budget 2017
Singapore Manufacturing Federation - Annual Report 2016/2017