SNEF's Budget wish list: More financial aid, extended wage credit schemes

Federation also calls for more subsidies for AI-related training under SkillsFuture Series

- Federation also calls for more subsidies for AI-related training under SkillsFuture Series

The Singapore National Employers Federation (SNEF) has called for the Government to provide continued financial relief for businesses and to extend existing wage credit schemes in its Budget 2025 wish list.

Financial relief can be given through the corporate income tax and rental rebates as well as the Enterprise Financing Scheme, said SNEF on Dec 17.

"These measures will alleviate near-term cost pressures and give businesses the breathing space to invest in long-term strategic capabilities, which would ultimately make them more productive and support better wage growth for employees," it said.