The Singapore economy has entered a new phase of growth. Despite ongoing COVID-19 limitations and supply chain disruptions, Singapore's GDP expanded by 7.6 per cent in 2021, a strong rebound from the 4.1 percent contraction in 2020.  A similar trend of growth and recovery...
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...
Singapore’s Central Bank, the Monetary Authority of Singapore (MAS), has warned members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government. These websites falsely claim that Singapore is adopting a...
With the enhanced Productivity Solutions Grant (PSG) which takes effect on 1 July 2019, companies can receive more support to transform their workforce. This was announced at the launch of SkillsFuture Festival today by Senior Minister of State, Ministry of Education & Ministry of Trade and Industry,...
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), announced on 31 March a package of measures to help ease the financial strain...
In pursuit of its Smart Nation vision, the Singapore government has implemented a range of policy measures to develop digital skills and literacy, including introducing programmes to teach basic digital skills so that no one is left behind. According to INSEAD’s 2020 Global Talent Competitiveness...
Tax procedures and policies can often be difficult for the average small business to navigate. The Singapore government has deployed considerable personnel as well as technological resources to make the SME's tax filing procedures less cumbersome over the years. In this interview, we talk...
The Singapore Business Federation (SBF) SME Committee (SMEC) submitted its recommendations for the Singapore Budget 2019 to the government earlier this month.In 2018, the Singapore economy grew 3.3%, in line with the Ministry of Trade and Industry’s (MTI’s) forecast of 3.0% to 3.5%. Moving forward, MTI forecasts...
NTUC LearningHub (NTUC LHUB) has announced the launch of training pathways for Self-Employed Persons (SEPs) to acquire new competencies amidst the COVID-19 outbreak. Each pathway provides a specific skill track that guides SEPs to proficiency into roles such as ‘COVID-19 Citizen Defender’, Healthcare Assistant, Java Developer and Security Officer.
Beyond consortium has launched a bid for a digital full bank license from MAS, with a focus on SMEs. The consortium comprises V3 Group, EZ-Link, property developer Far East Organization and Temasek-subsidiary Heliconia Capital Management. Other notable members include the Singapore Business Federation (SBF) and Mitsui Sumitomo...