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
Monthly Archives: November 2020
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