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4 ways the government can give a boost to SMEs: Chinese Chamber of Commerce

Michelle Zhu Published on Fri, Oct 14, 2016 / 12:10 PM GMT+8

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SINGAPORE (Oct 14): According to the Singapore Chinese Chamber of Commerce & Industry (SCCCI)’s SME Survey 2016, restructuring and financing challenges are rising among Singapore’s business landscape this year.

While this indicates that more businesses have embarked on innovation, restructuring and changing their business models, the survey results reveal a –12.8% a decline in business that are adopting industrial automation or leveraging on IT to do so.

(See also: Why aren’t enough SMEs innovating?)

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