Heartland Retailers Take Steps to Upgrade and Raise Productivity
Small and micro enterprises implemented productivity initiatives to improve business
1. As the Singapore economy restructures, companies need to upgrade their capabilities and transform their businesses to cope with the challenges of a tight labour market and high business costs. Small and micro enterprises are no exception, and also need to upgrade themselves to cope with the evolving business environment.
2. Minister of State for Trade and Industry Teo Ser Luck visited two heartland retailers - Ta Zhiang Trading Pte Ltd and Kai Joo Hung Optical and Watches today, to find out how they have increased their productivity and upgraded their businesses through government support, with help from the SME Centre.
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MINISTRY OF TRADE AND INDUSTRY
24 APRIL 2014