6 S’pore Family Businesses Band Together With $5M Fund To Help SMEs Affected By COVID-19
Six business families have formed a $5 million fund to offer short-term working capital loans to Singapore SMEs affected by the COVID-19 outbreak.
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Grab To Get Over US$700M Investment From Japan’s Mitsubishi UFJ Financial Group
Japan's Mitsubishi UFJ Financial Group (MUFG) will invest US$700 million in Grab, and jointly offer loans and insurance to Grab's users.
Grab To Provide Up To S$1,000 Insurance Payout For Drivers Infected With COVID-19
Grab and Chubb are providing free insurance to drivers and delivery partners if they get diagnosed with COVID-19 from now until 19 March.
Budget 2020: Measures To Support S’pore SMEs Are Helpful, But Leave Much To Be Desired
While these measures theoretically help businesses in some of the problems they may be facing, are they practical and sufficient for local businesses?
Budget 2020: Everything S’pore Startups And SMEs Need To Know
Singapore's Budget 2020 covers a wide range of measures to help employees keep their jobs, and ease employers' cash flow during challenging times.
Budget 2020: How S’pore Is Able To Run A Budget Deficit While Funding All Necessary Costs
This year’s expansionary Budget is expected to run a historic deficit of $10.9 billion -- the highest in 10 years.
Budget 2020: Increased Bursaries, More Overseas Opportunities For Higher Education Students
Low and middle-income students in polytechnics, ITE and universities can receive up to $200 more in cash bursaries per year.
Budget 2020: S’pore To Gradually Phase Out ICE Vehicles By 2040
Those who purchase fully electric cars and taxis will receive a rebate of up to 45 per cent on the additional registration fee, capped at $20,000.
Budget 2020: CPF Payouts To Increase By 20% For Seniors Under Silver Support Scheme
More Singapore seniors will be eligible to receive quarterly CPF payouts through the Silver Support Scheme, which will be increased by 20%.
Budget 2020: Gov’t To Offer Financial Help For S’pore Families With Children, Elderly Parents
The government will award a further $100 cash payout for every adult Singaporean child aged 20 years and below this year.
Budget 2020: Tourism, Aviation, Retail, F&B, Transport To Get Extra Support Amidst COVID-19
The Singapore Government will provide additional help to retain and train 330,000 local workers in tourism, aviation, retail, food and land transport.
Budget 2020: Every S’porean To Get Cash Payout Of $700 To $1,600 Over 5 Years
The government will be launching a new S$6 billion Assurance Package when the GST rate is raised.