31-01-2025, 12:05 PM
Budget 2025 may give firms support for long-term goals, but not short-term costs https://www.businesstimes.com.sg/singapo...term-costs
Budget 2025: Long-Term Support for Businesses
Source: The Business Times, Published: January 31, 2025
Article Summary:
Theme: The article discusses expectations for Singapore's Budget 2025, suggesting a focus on long-term support for businesses rather than short-term benefits for individuals.
Core Points:
- Observers expect Budget 2025 to prioritize long-term support for businesses, aiming to boost their competitiveness in a challenging global environment.
- This approach contrasts with election budgets, which typically include more immediate benefits for individuals.
- Companies can anticipate support for areas like workforce development, digitalization, AI adoption, sustainability, and internationalization.
- These "evergreen thrusts" represent continuous government efforts to strengthen businesses' competitiveness and invest in future-ready sectors, a recurring theme in Singapore's budgets.
- This focus on long-term strategies is deemed crucial in a world facing economic uncertainty, particularly with the potential for growth-hurting tariffs introduced by US President Donald Trump.
Overall:
The article suggests that Singapore's Budget 2025 will prioritize long-term initiatives designed to help businesses thrive and adapt to the evolving global landscape, rather than focusing on short-term handouts for individuals. This approach reflects a commitment to sustainable growth and economic resilience in the face of global challenges.
Budget 2025: Long-Term Support for Businesses
Source: The Business Times, Published: January 31, 2025
Article Summary:
Theme: The article discusses expectations for Singapore's Budget 2025, suggesting a focus on long-term support for businesses rather than short-term benefits for individuals.
Core Points:
- Observers expect Budget 2025 to prioritize long-term support for businesses, aiming to boost their competitiveness in a challenging global environment.
- This approach contrasts with election budgets, which typically include more immediate benefits for individuals.
- Companies can anticipate support for areas like workforce development, digitalization, AI adoption, sustainability, and internationalization.
- These "evergreen thrusts" represent continuous government efforts to strengthen businesses' competitiveness and invest in future-ready sectors, a recurring theme in Singapore's budgets.
- This focus on long-term strategies is deemed crucial in a world facing economic uncertainty, particularly with the potential for growth-hurting tariffs introduced by US President Donald Trump.
Overall:
The article suggests that Singapore's Budget 2025 will prioritize long-term initiatives designed to help businesses thrive and adapt to the evolving global landscape, rather than focusing on short-term handouts for individuals. This approach reflects a commitment to sustainable growth and economic resilience in the face of global challenges.