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Ministry of Trade and Industry
3. Parliamentary replies

Written reply to PQ on plans to help SMEs build true energy resilience and limit their dependency on interventions to cushion energy price shocks

5 May 2026

Question:

Mr Lee Hong Chuang: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) whether there is any policy safeguard to ensure that planned interventions to cushion ongoing energy price shocks that would limit the likelihood of small and medium enterprises (SMEs) from becoming dependent; and (b) whether the Government has further plans to help SMEs build true energy resilience, risk management, diversification or efficiency improvements, which would reduce their reliance on Government support. 

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1.                  This question was addressed by the Deputy Prime Minister and Minister for Trade and Industry, the Acting Minister for Transport and Senior Minister of State for Finance, and the Coordinating Minister for National Security and Minister for Home Affairs, in their Ministerial Statements on the Impact of the Middle East Situation on Singapore at the Parliamentary Sitting on 7 April 2026. 

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