November

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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