The Government has enhanced its support measures for businesses and individuals during the Phase 2 (Heightened Alert) period, having taken into consideration feedback from businesses, union leaders and workers. The package of support measures will comprise enhancements to the Jobs Support Scheme (JSS)...
The Singapore Business Federation (SBF) has announced its approval of the increase in foreign worker levy rebates for the Construction, Marine Shipyard and Process (CMP) sectors announced on 8 May. This will provide much needed relief to businesses in these sectors that have been...
EDB New Ventures, the corporate venture building arm of the Singapore Economic Development Board (EDB), today announced the launch of the Corporate Venture Launchpad (CV Launchpad). The $10 million pilot programme supports large and established Singapore-based companies in building ventures in new growth areas beyond their existing...
FS-ISAC, a global cyber intelligence sharing community focused on financial services, has announced the findings of its latest report, which found that wittingly or otherwise, nation-states and cybercriminals are leveraging each other's tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.
The Monetary Authority of Singapore (MAS) has launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions...
In September 2020, the SBF-Experian SME Index for 4Q20 – 1Q21F registered an overall reading of 46.3, based on data collected between July and August 2020, the lowest reading since the inception of the SME Index (“the Index”) in 2009. This index, a joint...
As Singapore emerges into a post-pandemic economy, businesses should go beyond adapting and surviving, and move to accelerate structural adaptations which will help to emerge stronger. In line with this, Budget 2021 has reaffirmed the government’s commitment to digital transformation through funding for new initiatives and...
The Fair Tenancy Pro Tem Committee was formed in June 2020 to strengthen collaboration between landlords and tenants, with the intent to address long-standing tenancy issues for the retail, food & beverage (F&B), and lifestyle sectors, and establish industry norms on tenancy practices and terms.Chaired by Mr...
New precinct-level digital initiatives and an SME Centre have been launched to help Chinatown businesses grow their business by attracting more visitors, with dedicated efforts to target the younger and digitally-savvy crowd. New Digital Initiatives COVID-19 has impacted Singapore’s tourism businesses...
NTUC LearningHub (NTUC LHUB), NTUC U SME, United Overseas Bank (UOB)'s innovation accelerator The FinLab, and Ngee Ann Polytechnic have signed a Memorandum of Understanding (MOU) to officially launch the SME Digital Reboot programme. The programme aims to help 500 companies nationwide deepen their digital...