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Singapore brand mark will distinguish local products

A Singapore brand mark was introduced in November last year. Then brand mark’s aim is to provide assurance to overseas buyers of quality and will help command premium pricing. The introduction started with food and beverage (F&B) products, beauty and wellness, fashion and accessories, as well as homeware and décor. The focus on quality will … Continue reading Singapore brand mark will distinguish local products

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The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore

The world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP), was penned on 15 November 2020. It involves all ten ASEAN members (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Brunei, Cambodia, Myanmar, Laos), China, Japan, South Korea, Australia and New Zealand. The trade pact brings about many benefits for Singapore and businesses that are established … Continue reading The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore

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The Re-Align Framework

Pursuant to the Covid-19 (temporary measures) (Amendment No. 3) Bill which was tabled in Parliament on 2 November 2020, the Ministry of Law is intending to introduce the Re-Align Framework. The Re-Align Framework focuses on helping businesses which are affected by Covid-19, to ease the burden of certain contractual obligations. It provides for renegotiation and/or … Continue reading The Re-Align Framework

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The enterprise leadership for transformation

The enterprise leadership for transformation programme was announced at Budget 2020 and launched in end October. 60 participants from 38 SMEs will undergo a one year curriculum which will address knowledge gaps in leadership and business fundamentals. The programme will provide specific guidance in drawing execution road maps. The businesses will be able to view … Continue reading The enterprise leadership for transformation

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Small businesses offered assistance in restructuring debts

Help is being offered to small businesses in the form of two new schemes. One initiative will help sole proprietors or partnerships restructure unsecured debt. Another scheme will help small- and medium-sized enterprises (SMEs) plan out their credit facilities across multiple banks and finance companies. The two schemes are both from the Association of Banks … Continue reading Small businesses offered assistance in restructuring debts

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An additional S$8 billion approved for Covid-19 support

The Straits Times announced that President Halimah Yacob has formally assented to the third Supplementary Supply and Budget Adjustments Bill that provides for an extra $8 billion in Covid-19 support. The extra funds will help the Government in providing support in sectors most affected by the coronavirus, including assisting workers through the Jobs Support Scheme … Continue reading An additional S$8 billion approved for Covid-19 support

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Singapore needs global talent

SINGAPORE will remain open to top international talent even as the country accelerates its economic transformation efforts and invests in and enhances connectivity to the city-state. This is key as Singapore aspires to be the key nerve centre for businesses for trade, global supply and value chains, professional services, data, finance, technology, and talent said … Continue reading Singapore needs global talent