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80% of SMEs expect more incentives at Budget 2019 to help cope with business challenges: DBS poll

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
80% of SMEs expect more incentives at Budget 2019 to help cope with business challenges: DBS poll
SINGAPORE (Feb 15): Some eight in 10 small and medium enterprises (SMEs) in Singapore are expecting the government to announce more incentives at Budget 2019 to help support business growth amid a challenging economic environment.
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SINGAPORE (Feb 15): Some eight in 10 small and medium enterprises (SMEs) in Singapore are expecting the government to announce more incentives at Budget 2019 to help support business growth amid a challenging economic environment.

This is according to a dipstick poll by DBS Bank, which conducted a pre-budget survey with 150 of its SME clients last week.

More than a quarter of SMEs cited manpower issues such as hiring the right people and retaining employees as a major challenge, while more than a fifth complain of high operational costs.

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