Committee of Supply 2013 The MTI Times - International Enterprise ...
Committee of Supply 2013 The MTI Times - International Enterprise ...
Committee of Supply 2013 The MTI Times - International Enterprise ...
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2 <strong>MTI</strong> TIMES - COS | <strong>2013</strong><br />
Quality Growth<br />
Continued from P1 >><br />
Recognising that the road ahead may entail painful adjustment for companies and workers alike, the Government<br />
stands ready to support our companies to make the transformation. In particular, there will be a comprehensive suite <strong>of</strong><br />
measures to enhance support for SMEs so that they can be more productive and competitive. Existing schemes and initiatives<br />
have been streamlined and simplified, to improve accessibility for SMEs. <strong>The</strong>re are also several measures aimed<br />
to help drive productivity and innovation through R&D adoption and tie-ups as well as capability upgrading. Others<br />
will support the SMEs in seizing growth opportunities in Asia as well as other emerging markets.<br />
Restructuring strategies will be tailored for each sector to strengthen and develop long term capability. In manufacturing<br />
for instance, EDB will set aside S$500 million for the Future <strong>of</strong> Manufacturing (FOM) Plan to drive the development<br />
and adoption <strong>of</strong> disruptive technologies such as 3D printing and robotics. For tourism, the Government will<br />
continue to help the companies in this sector through developing innovative s<strong>of</strong>tware content to maintain Singapore’s<br />
proposition as a compelling tourist destination.<br />
Remaining open and flexible to seize global and regional opportunities is also key to quality growth, said Mr Lim.<br />
Singapore will continue to improve its trade linkages with the world, bring in new activities and bring companies out<br />
into the region. Companies that set their sights on expanding abroad can also tap on new initiatives such as the Market<br />
Readiness Assistance and the Global Company Partnership to venture beyond Singapore’s shores.<br />
Increasing Competition in the<br />
Electricity Retail Market<br />
As a step towards full retail contestability, the Government will progressively increase competition in the electricity retail<br />
market by lowering the contestability threshold in two phases (1 April 2014 and 1 October 2014). This will apply to<br />
non-residential consumers such as commercial and industrial consumers. <strong>The</strong>y will also be allowed to aggregate their<br />
electricity demand at different locations in Singapore to meet the prevailing consumption threshold.<br />
For more information on this initiative, please visit www.ema.gov.sg<br />
Resources<br />
Agency for Science, Technology and<br />
Research (A*STAR)<br />
www.a-star.edu.sg<br />
contact@a-star.edu.sg<br />
Economic Development Board Singapore<br />
www.edb.gov.sg<br />
clientservices@edb.gov.sg<br />
Competition Commission Singapore<br />
www.ccs.gov.sg<br />
ccs_feedback@ccs.gov.sg<br />
Energy Market Authority<br />
www.ema.gov.sg<br />
ema_enquiry@ema.gov.sg<br />
Department <strong>of</strong> Statistics<br />
www.singstat.gov.sg<br />
info@singstat.gov.sg<br />
<strong>International</strong> <strong>Enterprise</strong> Singapore<br />
www.iesingapore.com<br />
enquiry@iesingapore.gov.sg<br />
JTC Corporation<br />
www.jtc.gov.sg<br />
askjtc@jtc.gov.sg<br />
SPRING Singapore<br />
www.spring.gov.sg<br />
enterpriseone@spring.gov.sg<br />
Sentosa<br />
www.sentosa.com.sg<br />
guest_services@sentosa.com.sg<br />
Way To Go, Singapore! (National<br />
Productivity Campaign)<br />
www.waytogo.sg<br />
enquiries@waytogo.sg<br />
Singapore Tourism Board<br />
www.stb.gov.sg<br />
feedback@stb.gov.sg<br />
Ministry <strong>of</strong> Trade and Industry<br />
www.mti.gov.sg<br />
mti_email@mti.gov.sg
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