Singapore Most SME-friendly Country

Ms. Leong Soo Yee, Head of ACCA Singapore

As AsiaOne reports, Singapore has been touted the most SME-friendly in 2013/14, followed by UAE and the UK.

SMEs here consistently record higher levels of government support for investment than their counterparts in other countries.

"Access to finance and thus the ability to grow businesses, has increased dramatically over the years here, so it is no surprise that they are flourishing as much as they are because SMEs here are getting support from the government to nurture them. Of particular significance are the various financial and fiscal incentives provided by the government to help SMEs enhance their productivity, lower their operating costs and develop plans for internationalization, placing them in a better position to seize global opportunities." Ms Leong added.