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Singapore Continues to Remains the World’s Most Competitive Economy The 2020 edition of IMD’s World Competitiveness ranking has been released and Singapore continues to remain the world’s most competitive economy for the second year in a row. The ranking analyses a total of 63 economies on their ability to generate prosperity and has been published…
Singapore’s Phase 2 Reopening – More Shops and Activities Permitted 19 June More Outlets and Social Gatherings of Up to 5 People Allowed From 19 June Onwards Singapore’s Phase 2 reopening will see more retail outlets and dining in at F&B’s allowed from 19 June onwards. Activities That Will Be Resuming Permitted activities…
Wage Credit Scheme Sees 95,000 Singapore Employers to Get $450 Million Singapore Employers Set to Receive Pay Out by 30 June 2020 Eligible employers in Singapore can expect to receive their payouts under the Government’s Wage Credit Scheme (WCS). More than 95,000 eligible Singapore employers are expected to receive their wage credit. The amount…
Victims Reporting of Lost Money to Tech Support Scammers Up to 40 Times More Than Usual All over the world, most countries are under quarantine to curb the pandemic of Covid-19. The same applies to Singapore. Singapore implements restrictions to control the outbreak, and it is collectively known as the circuit breaker. The circuit breaker…
Guide and Steps on Applying for General Resumption of Business at COVID GoBusiness Portal in Singapore A Guide to Getting Your Business Ready to Resume Once Again Singapore is preparing for the resumption of businesses post COVID-19. If you are one of those, this guide will show you how to navigate the GoBusiness Portal.…
More Rent Waivers and Support for SMEs With a 35% Drop or More in Revenue Support in the Works for SMEs in Singapore Who Experienced a Decline From April-May Singapore’s SMEs who record a 35% or more decline in their April-May revenue are eligible for more support and rent waivers. You can also explore…
Affected SME Tenants Gets Relief From Rental Costs From Government and Landlords Businesses all over are affected by the pandemic. The usual buzzing business scene in Singapore is no better. Traders, especially those renting shops and spaces, are profoundly affected during the circuit breaker period. Moreover, some businesses are not making ends meet during this…
Singaporeans Must Continue Work From Home After Circuit Breaker End on 1 June Remote Working to Continue for Many Singaporeans Singapore’s circuit breaker period will end on 1 June, but most Singaporeans will continue working from home. Work conducted on-site has been cut down to 30%. This was on 7 April, before the circuit…
More Than 140,000 Employers Set to Receive $4 Billion Job Support Scheme Payments Beginning 28 May, Employers in Singapore Can Expect to Receive Their Pay Outs More than 140,000 employers in Singapore will be getting their Job Support Scheme payments starting from 28 May. The payments amount to $4 billion in total. No prior application…
An Overview on Retrenchment Benefit for Employees in Singapore During COVID-19 Relief Provided for Employees Whose Livelihoods Are Affected The COVID-19 has significantly impacted the livelihoods of businesses and employees. Hence the tripartite partners have issued a retrenchment benefit for employees to assist during this difficult time. The Singapore Government has implemented several support…