Two-thirds of businesses involved in corporate giving: Wong

This will build trust and unity in the society.

Corporate giving amongst businesses increased to 75% or two-thirds from 50% in 2015, said Deputy Prime Minister and Minister for Finance Lawrence Wong.

Companies engaged in corporate giving means they give time or resources to a charity or foundation. In doing so, Wong pointed out, it increased overall trust in society.

He noted that a Pew research of countries all over the world showed that Singapore is one of the few countries where trust and unity is higher than in a pandemic, with 75% “thinking that Singapore today is more united than before.” 

Wong also said the government will do more to make an open and attractive environment for firms to succeed, which means investing in education and upskilling to hire talent.

“That means investing significantly to  entrench our status as a hub for the region and the world, to bring in  more businesses and create more opportunities for growth,” Wong told attendees of the Champions of Good Conferment.