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On February 18, 2022, Minister Lawrence Wong delivered his first address as Minister of Finance, announcing the much-anticipated Singapore Budget 2022. Mr Wong emphasised the Singapore economy’s resurgence in his opening comments, underlining the country’s excellent comeback from one of its worst recessions since independence. Mr Wong went on to say that the economy will…
Technology can mean a lot of things to numerous people; it could mean newly improved gadgets, provision of new facilities or appliances, and could also be a better working life with enhanced progress, which subsequently breeds productivity. To promote digitalization in Singapore, the government launched the “Productivity Solutions Grant (PSG)” that offers up to 80%…
Laptop is part of the tools that SMEs need to improve their digitalization and productivity efforts. The government of Singapore has decided to assist SMEs to get laptops cheaply by offering grants to eligible SMEs. Government Grant for laptop Laptop is one of the devices that business owners need to enhance productivity. During the…
Now that Singapore has a rapidly ageing workforce, the integral asset of our economy is made up of senior employees. We should value and sustain the contributions of these senior employees. In line with statutory requirements, the age of retirement is presently at 62, and the re-employment age is at 67. The government plans to…
Introduced by the National Council for Social Services (NCSS), the Invictus Fund is an attempt to support Social Service Agencies (SSA) with private donations. The aim is to help encourage SSAs to enhance service delivery and offer more value-add functions to clients. SSAs have recently struggled to maintain their standards and services due to the…
The Skills Future Enterprise Credit is a one-time $10,000 credit provided by the Singapore government. Effective from 1 April 2020, the aim for this credit is to encourage companies to improve internal capabilities and enhance employees’ skills sets. The SFEC credit will cover up to 90% of such expenses. How to Use the SFEC…
E-Invoicing Registration Grant is launched by Enterprise Singapore and IMDA. The primary aim of this grant is to promote the digitalization of businesses in Singapore. Thanks to technological advancements, more and more companies are exploring digital solutions and steering towards remote working. Such companies will directly benefit from this grant to offer e-invoicing features on new or…
P-Max is a place and train program which primary aim is to assist SMEs in coping well with the various challenges associated with recruitment and retention of PME talent in an increasingly tough labour market. All eligible SMEs that are able to retain their newly-hired PMEs and also complete the entire follow-up sessions for 6…
