Around $4.6 billion will be invested to boost businesses and support Singaporean workers over the next three years.

There will be $3.6 billion of this earmarked to assist workers during industrial disruptions while $1 billion will enable firms to grow their deep enterprise capabilities.

Start-ups and small and medium sized enterprises were given help to boost business.

Some of the points that were laid out for support are:

• Innovation Agents programme pilot
• SME Co-Investment Fund III
• Enterprise Financing Scheme
• Financing support for young companies
• Extend enhanced working capital support
• SMEs Go Digital programme
• Digital Services Lab
• Automation Support Package
• Pilot one-stop portal for food services

Abstract from Straits Times published Feb 18 2019. Read more…