Budget 2026 sets out a mix of adjustments and incentives that may shape the operating environment for Singapore’s small and medium-sized enterprises going forward. From changes to foreign manpower qualifying salaries to measures aimed at supporting internationalisation and business transformation, the signals are clear but the impact may not be uniform across sectors.

So how should SMEs interpret this year’s Budget? Where might cost pressures be most keenly felt, and how might firms respond as policy shifts take effect over the next two years? 

Chor Khieng Yuit, Senior Business Correspondent, The Straits Times joins the Breakfast Show to share her insights.