In a joint article, SBF Chief Policy Officer Musa Fazal and PwC Singapore Markets Leader Patrick Yeo responded to ASME President Ang Yuit’s view of Singapore’s business landscape as “cut-throat,” agreeing that SMEs should see rising competition as a push for innovation and global ambition. They encouraged partnerships with foreign firms and M&As, and highlighted SBF and PwC’s Budget 2025 proposals to boost support for SMEs through grants and targeted growth initiatives.