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.
Enterprise Singapore (ESG) rolled out the Food Delivery Booster Package on 4 April 2020. This supports F&B businesses in transforming their business models and meet the needs of digitally-connected consumers. The package will help to reduce the business costs of selling on three key...
Enterprise Singapore (ESG) launched the E-Commerce Booster Package on 2 April. This supports SME retailers with little or no e-commerce experience in starting their business transformation by selling online. The Package supports 90% of the cost for retailers to on-board e-commerce platforms for domestic...
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...