SINGAPORE - The initiatives in Singapore s latest Budget will help keep the worst-hit firms afloat while supporting others in transforming and expanding, said experts at a roundtable discussion organised by The Straits Times and UOB on Wednesday (Feb 17).
They underlined that such initiatives are especially important as government resources are finite and will have to move towards helping growing firms to innovate and stay competitive.
They also noted that as the Jobs Support Scheme (JSS) tapers off, the Budget announced on Tuesday has introduced new measures to help businesses grow rather than return to the status quo.
Mr Douglas Foo, president of the Singapore Manufacturing Federation and vice-chairman of the Singapore Business Federation, said at the event: The Budget is able to target the short-term challenges that enterprises are facing, so it s very focused on some of those groups that are heavily impacted, like aviation and tourism, and at the same time. there are also ini
Company bosses and workers have to transform their mindsets to ensure their businesses keep up amid the upheaval caused by the pandemic, experts said at a Budget discussion.. Read more at straitstimes.com.
Measures announced in next week's Budget will be sliced and diced in a roundtable discussion organised by The Straits Times and UOB.. Read more at straitstimes.com.
“Besides, we believe the new 2020 and 2021 models, namely the Proton X50, Perodua sports-utility vehicle (SUV), new Honda City, Nissan Almera Turbo, Toyota Vios and Yaris, coupled with the increase in other completely-knocked-down models would help to drive sales higher this year,” TA Securities said
PETALING JAYA: The local automotive sector is expected to achieve double-digit sales growth in 2021, as analysts reckon that growth will be spurred by the anticipated economic recovery and the continued tax exemption on cars.
This is in contrast with the Malaysian Automotive Association’s (MAA) modest projection of an 8% growth for vehicle sales this year.
TA Securities, in a report yesterday, targeted 18.4% year-on-year (y-o-y) growth to 627,000 units this year.
Wednesday, 27 Jan 2021
UOB Francis EngUOB Asset Management (M) Bhd chief investment officer Francis Eng said that the long road to recovery would hinge on the duration of the second movement control order (MCO 2.0) and whether stricter measures are enforced.
KUALA LUMPUR: The surge in Covid-19 cases in Malaysia could possibly delay the recovery in Malaysia’s economy to 2022, says UOB Asset Management (M) Bhd chief investment officer Francis Eng.
He pointed out that the long road to recovery would hinge on the duration of the second movement control order (MCO 2.0) and whether stricter measures are enforced.
“There is a possibility that we have to wait until next year for the economy to get back to pre-Covid-19 levels.