More will be done to help SMEs take on govt projects: Josephine Teo

[blindswordsman]

SINGAPORE: There is scope to help small- and medium-sized enterprises (SMEs) take on more, or larger government projects, said Senior Minister of State for Finance Josephine Teo in Parliament on Friday during the Ministry of Finance’s Committee of Supply debate.

There are many SMEs in SG owned by PRs or PRs + FTsh. These people are not locals or citizens of this country. There are also SMEs wholly owned by locals or true blue citizens, those born in this country.

If this initiative is to help SMEs, it should aim at helping the SMEs 100% owned by local citizens. It is useless and stupid to let SMEs owned by PR and FTsh to benefit as well. They are foreigners and parasites in this country and their money earned from the projects will flow out of SG. Does the Govt wish to support the citizens or to support the foreigners? A clear distinction must be made. Always think of locals first and foreigners last.

 

[tanwahtiu]

Is she talking to the only 20% Singaporeans owning private properties. Only these 20% private properties can use their home equity growth to refinance businesses and take on bigger projects.

80% of HBD Sinkies cannot use their home equity growth to refinance for new start up biz opportunities where will they get money from? From Ah Long 20% interest?

Tell her to be honest before talk cock sing song again, if she like to help? Sinkies can only use their HDB equity growth to buy other companies stock, Lppl. Buy which stocks? Money goes back to LKY 600 GLCs and TH?

SINGAPORE: There is scope to help small- and medium-sized enterprises (SMEs) take on more, or larger government projects, said Senior Minister of State for Finance Josephine Teo in Parliament on Friday during the Ministry of Finance’s Committee of Supply debate.

There are many SMEs in SG owned by PRs or PRs + FTsh. These people are not locals or citizens of this country. There are also SMEs wholly owned by locals or true blue citizens, those born in this country.

If this initiative is to help SMEs, it should aim at helping the SMEs 100% owned by local citizens. It is useless and stupid to let SMEs owned by PR and FTsh to benefit as well. They are foreigners and parasites in this country and their money earned from the projects will flow out of SG. Does the Govt wish to support the citizens or to support the foreigners? A clear distinction must be made. Always think of locals first and foreigners last.

 

[Hans168]

Hahaha...... now then realise.
SMEs will get the crumbs after frenz feeding by GLCs like ST Engg or Semb Corp AND only when they can sub con to palm projects to for a mgmt fee...