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Money Talks Podcast: How companies can maximise government grants and subsidies

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Jump to these key moments:

  • 00:27 Singaporeans’ financial habits; Tesla woes
  • 06:14 Prioritising business needs
  • 13:38 Knowing what grants and funds to tap on
  • 20:28 SkillsFuture Enterprise Credit
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Office workers walk out for a lunch break at the Raffles Place financial business district in Singapore on Oct 6, 2022. (Photo: AFP/Roslan Rahman)

Just as there are generous grants for workers to learn new skills, businesses too have a range of resources to tap on. Lee Hsin Chong, managing director of BNL, explains how he uses subsidies and grants to help his company and staff improve.

Lee Hsin Chong on the importance of investing to improve the business:
The government has given a lot of subsidies (and) grants … to help us stretch the dollar. But stretching the dollar means that you will need to be ready to invest a portion of it as well to better the company.
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On the importance of preparing for the future:
It's also hard for us to exactly dictate what is going to happen, but we can only be best prepared for it … And having all these grants and subsidies is basically helping us to prepare for the future.
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This episode was done in collaboration with the Ministry of Finance, in support of Budget 2024.

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