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Grants & Finance
Grants & Finance

Keep up with the latest information on government aids and updates here. Share any information you know with members.

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Victor Chong
Employee Benefits Specialist

Sources of Cash for Business Owners to Tide Over COVID-19

My firm is holding a special webinar for Business Owners on 29 Apr (Wed) from 10am - 12pm.

Many businesses are badly affected by the COVID-19 pandemic. How are they coping?

Are you currently facing one or more of these problems?

1) Business revenue is stopped or severely reduced, but you are still paying salary to your staff and rent to landlord?
2) Stressed over monthly fixed bank loan instalments?
3) Cash is depleting fast?
4) Can’t afford to buy new IT equipment for your staff to Work From Home?

This webinar guides business owners to make sense of... (More)

Small business grants programme by Facebook

Facebook is offering a SME grant for small businesses.

Here are the details:

In Singapore, we are offering approximately SGD $4,750,000 in grants to approximately 800 eligible small businesses. Each grant amounts to SGD $5,500 comprising of SGD $3,500 in cash and SGD $2,000 in optional ad credits to help during this challenging time. (All numbers are approximate)

Small businesses do not need to have a Facebook presence in order to initially apply for the grant.

Here are a few of the requirements to see if your business is eligible to apply:\

  • Be a for-profit company
  • Have between 2 and... (More)
Jenny Wang
Economics Lecturer & Education Consultant (for training programmes)

How would you like to use your skills-future credits wisely, especially during this circuit breaker period? What are the courses that you are interested in?

Opening SkillsFuture Credit of $500

SkillsFuture Credit aims to encourage individual ownership of skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.

One-Off SkillsFuture Credit Top-Up (of ANOTHER $500!)

As part of efforts to encourage Singaporeans to take ownership of their skills development and be well-equipped to seize opportunities in the future economy, a one-off SkillsFuture Credit top-up of $500 will be provided to every Singapore Citizen aged 25 years and above as at 31 December 2020.

From 1 April 2020, eligible Singaporeans can start using their one-off... (More)

List of Aids Available and Relevant for Small Singapore Businesses

  1. Work Life Grant ($2,000 per employee if work from home for 1 month)
  2. Foreign Worker Levy Waiver and $750 Rebate per foreign worker
  3. Job Support Scheme  (25% to 75% salaries' subsidy)
  4. Wage Credit Scheme (15% to 20% subsidy for wage increases)
  5. Self Employed Relief Fund ($1,000 per month for 9 months)
  6. PayNow Incentive ($25 per PayNow Corporate Signup)
  7. Productivity Solutions Grant (80% off 3 laptops)
  8. Temporary Bridging Loan Programme

Did I miss anything? Leave the link in comments.