| | | | Update on COVID-19: The health and safety of all individuals in Singapore are of utmost importance to EDB. As the situation evolves, Singapore has suspended non-essential activities at workplace premises from 7 April to 1 June. Please refer to EDB’s COVID-19 page for the latest advisory and support measures for businesses. You may also visit covid.gobusiness.gov.sg for more information on this temporary suspension of activities. |
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| | | | Meet Singapore players who raced against the clock to create COVID-19 test kits | | As COVID-19 continues to spread across the world, healthcare players and research institutes in Singapore have developed a range of diagnostic test kits for detection, contact tracing and containment efforts. | | This infographic series highlights four different kits that are the result of swift public-private partnerships amongst players such as biotech company Veredus Laboratories, the Agency for Science, Technology and Research (A*STAR), and Duke-NUS Medical School. Find out how these kits are being deployed from Singapore to the world. | | Read More |
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| | | How are Asia’s top business leaders giving back during this period? | | From business magnates and tech entrepreneurs to startups, Asia’s most influential business leaders and enterprises have donated millions of dollars, shifted assembly lines to produce masks, and launched clinical trials to combat the coronavirus. Find out how they are addressing the outbreak by meeting urgent needs in their markets. | | Read more |
| | | McKinsey lays out 7 insights to consider for future business planning | | What should businesses be considering during this period and as they prepare for the new normal, post-COVID-19? McKinsey outlines seven key insights business leaders should pay attention to, including acknowledging the rise of the contact-free economy and recognising the value of resilience. Learn more about how you can stay ahead of the curve. | | Read more |
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| | Budget 2020: Enhanced support for businesses in Singapore | | Following Singapore’s initial 2020 Budget announcement in February, the Government announced three additional rounds of measures in March and April to support workers and households, stabilise businesses, and preserve capabilities through these difficult times. Altogether, the support that has been put aside amounts to S$63.7 billion or more than 12 per cent of Singapore’s GDP. | | Some of the initiatives for businesses based in the city-state include: | | | | Enhanced financing support: Companies will be assured of access to credit amidst the present economic uncertainty. The Government will provide 90 per cent risk-share for several loan-financing schemes and businesses will be able to take a loan of up to S$5 million under the Temporary Bridging Loan Programme. |
| | | | Jobs Support Scheme: To help enterprises retain their local employees during this period, companies will be granted 75 per cent wage support on the first S$4,600 of the monthly salary for every local employee for April and May 2020. Depending on the sector, the wage support will be at least 25 per cent for nine months. |
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