5 must-know updates for all SME business owners

​The Singapore Budget 2022 has been under discussion as Singapore focuses on economic recovery amidst new variants and continued social distancing. UOB economist, Barnabas Gan said that despite Singapore's projected expansion, geopolitical tensions may pose downside risks to growth. He provided an overview of what SMEs need to be aware of this year—in particular, rising business and household costs are concerning. However, Barnabas remains largely optimistic about the support the government will provide. Watch the video to know five key aspects that SMEs in Singapore must know to thrive this year.