| 47. |
Mr Heng Chee How
rightly pointed out that, besides cutting
costs, companies must pursue the right strategies
to grow their businesses and so create more
jobs. We must see the rise of regional economies
not only as a major challenge, but also as
an enormous opportunity. Our companies should
respond to this opportunity by venturing abroad
to ride on the growth of our neighbours, such
as China and India. The Government will step
up its efforts to help companies to do so.
The Trade Development Incentive Scheme has
been relaunched as the International Enterprise
Incentive Scheme with a budget of $90 million
over 3 years, from FY2003 to FY2005. This
will help companies develop new markets, build
internationalisation capabilities, and encourage
Singapore companies to venture abroad as a
cluster. |
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