S1E30: Budget 2024: Mid-year check for SMEs in Singapore

How is the government's $1.3 billion budget working for SMEs so far? We invite them on the show. Synopsis: Every first Monday of the month, listen to the Work Talk podcast to help you work smarter, think deeper and get ahead in your work life. It is June, the mid-point of 2024. Join Krist Boo and her co-host Timothy Goh on Work Talk to hear how Singapore's Budget 2024 measures are affecting small and medium enterprises (SMEs).  Joining them are Mr Ang Yuit, president of the Association of SMEs, and Dr Ramesh Rajentheran of AI healthcare start-up MiyaHealth.  SMEs are broadly struggling this year due to trade tensions, disruption from artificial intelligence, and manpower challenges. Start-ups face a chilly 'funding winter'.  Which part of the 2024 Budget package of support measures are useful to businesses in meeting the challenges? What more do our entrepreneurs wish for? And if the government has started thinking of Budget 2025, what do our SME guests hope to see included?  In a year marked by various disruptions, what is the hard question for businesses? This episode of WorkTalk is brought to you by the Ministry of Finance: https://www.mof.gov.sg/singaporebudget Highlights (click/tap above): 1:40 Why it's a challenging 2024 for SMEs so far 3:39 "Funding nuclear winter" for start-ups; coming at a bad time in region 6:28 On the idea of the Overseas Markets Immersion Programme 7:15 SkillsFuture could align workforce training with industry needs 13:32 Why corporate venture capital incentivised by the government could help support start-ups 19:50 Change is certain, firms with no long-term viability should face realityMore on Budget 2024: http://www.singaporebudget.gov.sg/   Produced by: Krist Boo ([email protected]), Ernest Luis and Amirul Karim Edited by: Amirul Karim Follow ST's Your Money & Career Podcast channel here: Channel: https://str.sg/wB2m Apple Podcasts: https://str.sg/wuN3 Spotify: https://str.sg/wBr9 SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: [email protected] Read Krist Boo's articles: https://str.sg/wB2P Follow Krist Boo on LinkedIn: https://str.sg/shcB Get business/career tips in ST's HeadSTart newsletter: https://str.sg/headstart-nl --- Discover more ST podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7 The Usual Place: https://str.sg/wEr7u In Your Opinion: https://str.sg/w7Qt COE Watch: https://str.sg/iTtE Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN Green Pulse: https://str.sg/JWaf Your Money & Career: https://str.sg/wB2m Hard Tackle: https://str.sg/JWRE #PopVultures: https://str.sg/JWad Music Lab: https://str.sg/w9TX --- ST Podcast website: http://str.sg/stpodcasts ST Podcasts YouTube: https://str.sg/4Vwsa --- Special edition series: True Crimes Of Asia (6 eps): https://str.sg/i44T The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2 Invisible Asia (9 eps): https://str.sg/wuZn Stop Scams (10 eps): https://str.sg/wuZB Singapore's War On Covid (5 eps): https://str.sg/wuJa --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB Google Play: https://str.sg/icyX --- #moneycareerSee omnystudio.com/listener for privacy information.