Under the Self-Employed Person Income Relief Scheme (SIRS), the Singaporean Ministry of Manpower (MoM) and the National Trades Union Congress (NTUC) have made a joint statement regarding the allocation of S$360 million that is being paid out to eligible self-employed workers who are suffering from the effects of COVID-19....
By 2 June, Singapore’s circuit breaker period will come to an end. The circuit breaker, which began in early April, was implemented as a measure to combat the effects and spread of COVID-19 which had struck the city state particularly hard during that time. As the nation enters Phase...
The Ministry of Entrepreneur Development and Cooperatives (MEDAC) recently announced their plans to allocate RM452.8 million (US$104m) to assist COVID-19 affected entrepreneur under a business recovery plan to support the stability of the entrepreneurial ecosystem.
This allocation of funds is expected to benefit more than 21,847 SMEs, micro-entrepreneurs, social entrepreneurs,...
On account of their potential to create jobs and foster innovation, small- and medium-sized enterprises (SMEs) have been highlighted by several countries in the Middle East like the UAE, Saudi Arabia, and Egypt as one of the most important contributors for economic growth. While sufficient funding is one of...
Thailand’s Cabinet has ordered the Ministry of Finance to come up with plans to provide additional financial aid to small and medium enterprises (SMEs) that have been affected by the Covid-19 pandemic. Government Spokesperson Narumon Pinyosinwat said, “The Ministry of Finance will estimate the budget to be used as...
Businesspeople are prepared to press on with the Indonesian government’s plan to gradually reopen the economy under health protocols to establish a “new normal” amid the continued rise of confirmed COVID-19 cases in Indonesia.
On 20 May, Health Minister Terawan Agus Putranto signed a set of policies on the prevention...
Businesses in Singapore will get more help with labour and rental costs under the S$33 billion Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday. To help businesses retain workers, the Government will extend wage subsidies under the Jobs Support Scheme (JSS) by one...
SINGAPORE – Tuesday, 26 May 2020: Singapore's Finance Minister Heng Swee Keat unveiled a new raft of stimulus measures worth S$33 billion (US$23.2 billion) on Tuesday, bringing the total amount of stimulus to S$100 billion in 2020.
The Fortitude Budget, as these measures are known, are focused on saving as...
Deputy Minister of International Trade and Industry, Datuk Lim Ban Hong has urged local companies to capitalise on digitalisation and e-commerce to build a global brand name in the “new normal” following the Covid-19 pandemic. “The Covid-19 outbreak has led to unprecedented changes to our way of life and...
A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost the digital economy in the country. The committee is expected to enhance cooperation between related agencies for 5G development support.
“This committee is formed to promote vertical...
COVID-19’s impact on business and industries cannot be understated. The Global economy has been turned upside down and leaders are scrambling to cope with the chaos. Recently, the Singapore Institute of Directors (SID) collaborated with Russell Reynolds Associates to connect to boards in Singapore on how they are managing...
The SME Association has suggested that a special purpose vehicles take over the role of commercial banks in disbursing the Special Relief Fund (SRF) meant for businesses.Malaysian SME Association national president Datuk Michael Kang said that Bank Negara should disburse the SRF through a special purpose vehicle with collateral-free,...
