CNA·3 min read·medium
WP calls for SME-driven economic growth; PAP says Singapore needs both local firms and MNCs
A
Ang Hwee Min
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Singapore's parliament debated the country's economic future, with the Workers' Party advocating for a greater focus on local SMEs. The government countered that a balanced ecosystem of both multinational corporations and local firms is essential for national growth.
During the debate, Second Minister for Finance Jeffrey Siow said Singapore's economy needs both MNCs and SMEs to thrive, with the two reinforcing rather than competing with each other.
politicseconomybusiness
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