A challenging 2024 for SMEs

"Funding nuclear winter" for start-ups

Overseas Markets Immersion Programme idea

Aligning SkillsFuture for industry needs too

Corporate venture capital supporting start-ups

Long-term viability: Firms need reality check

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 reality

More on Budget 2024: http://www.singaporebudget.gov.sg/

Produced by: Krist Boo (kristb@sph.com.sg), Ernest Luis and Amirul Karim

Edited by: Amirul Karim

Follow ST's Your Money & Career Podcast channel here:

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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

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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

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ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

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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

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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

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#moneycareer

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: <a href="https://www.mof.gov.sg/singaporebudget">https://www.mof.gov.sg/singaporebudget</a>
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 reality More on Budget 2024: <a href="http://www.singaporebudget.gov.sg/">http://www.singaporebudget.gov.sg/</a>  
Produced by: Krist Boo (<a href="mailto:kristb@sph.com.sg">kristb@sph.com.sg</a>), Ernest Luis and Amirul Karim
Edited by: Amirul Karim
Follow ST's Your Money &amp; Career Podcast channel here:
Channel:<a href="https://str.sg/wB2m"> https://str.sg/wB2m</a>
Apple Podcasts:<a href="https://str.sg/wuN3"> https://str.sg/wuN3</a>
Spotify:<a href="https://str.sg/wBr9"> https://str.sg/wBr9</a>
SPH Awedio app:<a href="https://www.awedio.sg/"> https://www.awedio.sg/</a>
Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Read Krist Boo's articles: <a href="https://str.sg/wB2P">https://str.sg/wB2P</a>
Follow Krist Boo on LinkedIn: <a href="https://str.sg/shcB">https://str.sg/shcB</a>
Get business/career tips in ST's HeadSTart newsletter: <a href="http://str.sg/headstart-nl">https://str.sg/headstart-nl</a>
---
Discover more ST podcast channels:
All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>
The Usual Place: <a href="https://str.sg/wEr7u">https://str.sg/wEr7u</a>
In Your Opinion:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
COE Watch: <a href="https://str.sg/iTtE">https://str.sg/iTtE</a>
Asian Insider: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Health Check: <a href="https://str.sg/JWaN">https://str.sg/JWaN</a>
Green Pulse: <a href="https://str.sg/JWaf">https://str.sg/JWaf</a>
Your Money &amp; Career: <a href="https://str.sg/wB2m">https://str.sg/wB2m</a>
Hard Tackle: <a href="https://str.sg/JWRE">https://str.sg/JWRE</a>
#PopVultures: <a href="https://str.sg/JWad">https://str.sg/JWad</a>
Music Lab: <a href="https://str.sg/w9TX">https://str.sg/w9TX</a>
---
ST Podcast website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
---
Special edition series:
True Crimes Of Asia (6 eps): <a href="https://str.sg/i44T">https://str.sg/i44T</a>
The Unsolved Mysteries of South-east Asia (5 eps): <a href="https://str.sg/wuZ2">https://str.sg/wuZ2</a>
Invisible Asia (9 eps): <a href="https://str.sg/wuZn">https://str.sg/wuZn</a>
Stop Scams (10 eps): <a href="https://str.sg/wuZB">https://str.sg/wuZB</a>
Singapore's War On Covid (5 eps): <a href="https://str.sg/wuJa">https://str.sg/wuJa</a>
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
---
#moneycareer

Synopsis: Every first three Mondays of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors.

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media Trust.

Synopsis: Every first three Mondays of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors.
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media Trust.

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