Following the responses, the SCCCI has made six recommendations that are all aimed at helping local businesses, mainly SMEs. The recommendations came from issues business owners face such as rising costs, lack of skilled local manpower, challenges when it comes to transforming their businesses and so on.
The Singapore Chinese Chamber of Commerce & Industry (SCCCI) is making its own set of recommendations for Budget 2024 after surveying 636 respondents from June to August in 2023.
The respondents were mainly senior representatives (including C-suites) from local businesses. Majority of them – or 94% of the respondents – were from small- and medium-sized enterprises (SMEs).
