SINGAPORE (The Straits Times/ANN): Anticipating a tough year ahead for the Singapore economy, businesses hope the Budget will contain support for firms to innovate and develop capabilities in research and development, while also enabling them to hire more older workers.
A statement by The Singapore Business Federation (SBF) on Tuesday (Jan 21) said: "Manpower costs and the need for new or better ways to generate revenue have become the top challenges for businesses. While they recognise the importance of transformation to mitigate these issues, the cost of technology adoption is the biggest roadblock.