Tag: support
Written by Gabriel HerveyMarch 23, 2020
DPM Heng Swee Keat to deliver ministerial statement on additional COVID-19 support measures
News Business Article
SINGAPORE: Deputy Prime Minister and Minister for Finance Heng Swee Keat will deliver a ministerial statement on Thursday (Mar 26) regarding the Government’s additional support measures for workers, businesses and households in response to the COVID-19 pandemic. The ministerial statement will be delivered on Thursday afternoon in Parliament, said the Ministry of Finance. Advertisement Advertisement The
Written by Gabriel HerveyMarch 23, 2020
Former IHH Healthcare managing director Tan See Leng emerges as possible PAP candidate; plans support network in Marine Parade
News Business Article
SINGAPORE: Former chief executive officer of IHH Healthcare Dr Tan See Leng, tipped as a candidate for the People’s Action Party (PAP) in the upcoming general election, will soon launch a new Caregiver Support Network in Marine Parade. Dr Tan started shadowing Emeritus Senior Minister Goh Chok Tong in the Marine Parade Group Representation Constituency (GRC) shortly
Written by Gabriel HerveyMarch 23, 2020
Former IHH Healthcare managing director emerges as possible PAP candidate; plans support network in Marine Parade
News Business Article
SINGAPORE: Former chief executive officer of IHH Healthcare Dr Tan See Leng, tipped as a candidate for the People’s Action Party (PAP) in the upcoming general election, will soon launch a new Caregiver Support Network in Marine Parade. Dr Tan started shadowing Emeritus Senior Minister Goh Chok Tong in the Marine Parade Group Representation Constituency (GRC) shortly
Written by Gabriel HerveyMarch 19, 2020
‘Broad support’ for Singapore’s plan for new interest rate benchmark: Committee
News Business Article
SINGAPORE: Singapore’s plans to adopt a new interest rate benchmark called the Singapore Overnight Rate Average (SORA) has received “broad support”, a steering committee overseeing the change said in an update on Thursday (Mar 19), as it laid out key initiatives ahead. It was announced in August last year that Singapore would transition from the use
Written by Gabriel HerveyMarch 18, 2020
Cruise passenger traffic in Singapore down 52% since COVID-19 outbreak; STB to give industry more support
News Business Article
SINGAPORE: Cruise passenger traffic in Singapore has fallen by 52 per cent year-on-year since the start of the COVID-19 outbreak on Jan 23, the Singapore Tourism Board (STB) said as it pledged to give the industry more support. “The COVID-19 outbreak has had a serious impact on the cruise industry, both in Singapore and globally,” STB’s
Written by Gabriel HerveyMarch 17, 2020
More wage support, direct rental rebates on businesses’ wish list for second relief package
News Business Article
SINGAPORE: More wage subsidies, relief on rent and foreign worker levy, as well as broader bridging loan programmes are among the types of aid that business owners, industry groups and economists hope the Government would prescribe in its second stimulus package. Amid a deepening global spread of COVID-19, they are also hoping for help to
Written by Gabriel HerveyMarch 17, 2020
EU weighs in with loan to support CureVac’s COVID-19 vaccine production
News Business Article
FRANKFURT: The European Commission said on Monday (Mar 16) it offered up to 80 million euros (US$89 million) of financial support to CureVac to scale up development and production of a coronavirus vaccine in Europe. The funding pledge comes one day after German government sources told Reuters that the Trump administration was looking in to
Written by Gabriel HerveyMarch 13, 2020
Indonesia to support economy with US$8 billion stimulus to counter COVID-19 impact
News Business Article
JAKARTA: Indonesia announced a 120 trillion rupiah (US$8.1 billion) stimulus package on Friday (Mar 13) to support Southeast Asia’s biggest economy as the spread of the coronavirus disrupts global activity. The stimulus, representing 0.8 per cent of gross domestic product (GDP), includes exempting some workers in manufacturing from income tax and giving manufacturing companies a discount
Written by Gabriel HerveyMarch 12, 2020
‘Holistic support system’ required as S$30,000 grant receives mixed reviews from HDB homeowners without direct lift access
News Business Article
SINGAPORE: At 66, Mr Osman Omar has to climb two flights of stairs between his third-floor flat to get to the lift on the fourth floor. This requires some physical effort as he has asthma and a leg that aches. His block at Jurong West is one of 150 blocks where the Lift Upgrading Programme –
Written by Gabriel HerveyMarch 11, 2020
Sentosa to grant free entry until end-June, rent deferments to support businesses through COVID-19
News Business Article
SINGAPORE: Visitors will get to enter Sentosa for free from Mar 14 until the end of June, as part of the resort island’s new supportive measures for its businesses amid the COVID-19 outbreak. This is an extension of an earlier plan to waive admission fees for all visitors during the March school holidays, Sentosa Development
Written by Gabriel HerveyMarch 5, 2020
Online portal to be set up to provide early support to couples considering divorce
News Business Article
SINGAPORE: An online portal will be set up to make it easier for couples considering divorce to gain access to marriage counselling as well as information on issues such as housing and finance, announced Minister for Social and Family Development Desmond Lee on Thursday (Mar 5). The first phase of the portal is expected to be
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Commentary: There is more support for Singapore firms to go overseas. But some just don’t want to
SINGAPORE: The government’s unrelenting push to hardcode the ethos of internationalisation into the DNA of businesses surfaced unsurprisingly in Budget 2020. New initiatives – such as Grow Digital, which aims to help companies leverage digital platforms to go global, and the SkillsFuture Enterprise Credit, which provides S$10,000 per enterprise to help with out-of-pocket expenses for