An alliance to tackle business costs sought for 2024


At a dinner it hosted for journalists, Kok delivered the report card for 2023 and outlined its plans for this year. — The Straits Times

SINGAPORE: The Singapore Business Federation (SBF) wants to bring firms and policymakers together to put a damper on costs in 2024, with a new grouping it has named Alliance for Action (AfA) on Business Competitiveness.

New green taxes, rising utilities rates, a shrinking workforce, expensive raw materials and supply chain crunches will likely continue to hit firms from multiple fronts.

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