| | | Phased approach to Singapore’s reopening:
From 2 June, Singapore will gradually relax restrictions and businesses will resume activities safely across three phases. | | In the first phase, most manufacturing and production facilities may resume activities, and some consumer services will be permitted to restart. All businesses must put in place official guidelines issued on safety measures at their workplaces before they resume operations. | | For more details on which businesses will open, sector-specific guidelines on safety measures and the latest advisories, please refer to EDB’s COVID-19 page. You may also visit covid.gobusiness.gov.sg for more information. |
|
| | | | Accenture outlines 5 key ways to reinvent your business post-COVID-19 | | Companies around the world are beginning to restart and rebuild their operations as coronavirus lockdowns ease. While challenging, this presents an opportunity for reinvention, notes Accenture. From rethinking the physical workplace to establishing an elastic cost management structure, find out what are the steps to take as well as other useful tips for navigating this period of uncertainty. | | Read More | | | | Singapore researchers join forces with overseas players to produce COVID-19 vaccine | | Researchers from Singapore and around the world are banding together to study and produce various vaccines and treatments against the coronavirus. For instance, Singapore biotech company Esco Aster is working with United States counterpart Vivaldi Biosciences to develop a vaccine that can be modified within three weeks to tackle the virus if it mutates. Learn more about how these treatments will contribute in the global fight against COVID-19. | | Read more |
| | | IBM, Samsung and local telco M1 team up for Singapore’s first 5G Industry 4.0 trial | | As part of Singapore’s plan to build a 5G innovation ecosystem, the Infocomm Media Development Authority, IBM, Samsung, and local telco M1 will collaborate on the country’s first 5G Industry 4.0 trial, with a focus on smart manufacturing. The trial will test 5G use cases that tap transformative technologies like Artificial Intelligence to improve manufacturing processes including equipment monitoring on the shop floor. This follows a recent announcement that the country’s nationwide 5G roll-out is on track and half of the island state will have 5G network coverage by the end of 2022. | | Read more |
|
|
|
|
| | Budget 2020: Additional S$33bn to help Singapore businesses and workers tide over COVID-19 | | Singapore just announced its fourth fiscal package in less than four months. This time round, S$33 billion will be set aside to support Singaporeans and businesses here, with a central focus on jobs. This brings the country’s war chest to fight against the pandemic to nearly S$100 billion, or close to 20 per cent of its GDP. | | Initiatives for businesses are on three fronts: | | | | Help with cashflow: The Jobs Support Scheme to subsidise wages for local employees will be extended by one more month, to August. More companies will be eligible to receive higher subsidies of up to 75 per cent. |
| | | | Reducing business costs: To help alleviate costs, businesses in public non-residential properties will qualify for additional rental waivers. Commercial tenants will receive two additional months’ worth of support, while industrial, office, and agricultural tenants will get one more month of rental waiver. |
| | | | Extending more credit: S$285 million has been allocated to help promising startups gain better access to credit and sustain their innovation and entrepreneurship activities. |
|
| |
| Read more |
|
|
|
|
|
|
| |
