Enterprise Singapore announced on 30 April the appointment of 14 new Accredited Mentor Partners (AMPs) to the Startup SG Founder scheme, in their continuous efforts to groom startups in Singapore. The appointments took effect from 1 May 2020, bringing the total AMP partner network to 57.
The Ministry for Trade and Industry (MTI) has released guidelines on 6 May for the gradual resumption of business operations. This follows the Multi-Ministry Taskforce’s announcement on 2 May 2020 that it would progressively ease some of the tighter circuit breaker measures over the coming weeks.
Besides the economic slowdown wrought by the COVID-19 pandemic, another issue that has raised concerns around the world is the security of the global food supply chain. This is especially significant for small countries like Singapore that rely heavily on food imports. As a result, recent border...
The Intellectual Property Office of Singapore (IPOS) will offer a pilot programme to accelerate grants of patent applications in all technology fields to just six months, starting from 4 May 2020. The programme – the SG Patent Fast Track - is the world’s fastest application-to-grant process of...
To further support tourism businesses during the circuit breaker and to give them a headstart for recovery, the Singapore Tourism Board (STB) has rolled out several new initiatives to help them engage their customers, strengthen their business foundations and deepen their manpower capabilities. For travel agents, there...
Come 30 June 2020, OCBC Bank expects the quantum of the government-assisted SME loans it lends out to help small businesses during the COVID-19 pandemic to hit the S$1 billion mark. This fully utilises the support given by the Monetary Authority of Singapore under its low-cost SGD...
On 21 April 2020, the Multi-Ministry Taskforce announced that it would extend the circuit breaker period until 1 Jun 2020 (inclusive), and put in place enhanced circuit breaker measures minimally for a two-week period from 21 April 2020 until 4 May 2020 (inclusive).
On 4 April 2020, Enterprise Singapore (ESG) announced the Food Delivery Booster Package to support F&B businesses to diversify operations through food delivery. Under the first phase of the roll out, ESG funds five percentage points of the commission cost charged by three food delivery platforms –...
On 15 April 2020, the first tranche of payouts under the Jobs Support Scheme (JSS) began to be disbursed to over 140,000 employers. Totalling over $7 billion, the payouts will help to cover the wages of over 1.9 million local employees in Singapore.
With the current COVID-19 situation resulting in Singapore’s “circuit breaker” measures amidst a global economic slowdown, the government has introduced a raft of measures aimed at supporting SMEs through this difficult time, as well as preparing them for the eventual recovery and upturn.
