Expanding the Energy Efficiency Grant helps all sectors build long term resilience.
Continuous monitoring and targeted support will be critical to strengthening supply chains, maintaining competitiveness, and sustaining Singaporean jobs, according to Tay Hong Beng, Chairman, Singapore Chartered Tax Professionals.
The comments come following the government’s rollout of a series of measures worth $1b to help ease cost pressures for individuals and businesses due to uncertainty from tensions in the Middle East.
Tay said the enhanced corporate tax rebate and wider energy support were timely measures that would ease immediate pressure on smaller businesses whilst helping firms of all sizes strengthen longer-term energy resilience.
