Establishment of the Small and Medium-Sized Enterprises Pro-Enterprise Office (SME PEO)
First published 23 Sep 2024 / Last updated 23 Sep 2024
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: Establishment of the Small and Medium-Sized Enterprises Pro-Enterprise Office (SME PEO)
MR No.: 032/24
At the National Day Rally 2024, Prime Minister Lawrence Wong spoke about keeping regulatory burden to a minimum to help businesses foster innovation and manage costs amid growing global competition.
While Singapore’s strong reputation as a business-friendly economy is supported by an efficient, effective, and fair regulatory regime that facilitates the growth of good businesses, the Government recognises that more can be done to reduce regulatory burden. The Alliance for Action (AfA) on Business Competitiveness, which was set up earlier this year, has also provided feedback that the Government can do more to support enterprises in navigating regulatory requirements.
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