Transforming and Growing Our Economy Together

Source: The Straits Times © Singapore Press Holdings Limited.

To stabilise businesses against the immediate effects of Covid-19, we are:

  • helping with cash flow, costs and credit
  • passing laws for rental relief
  • providing extra help to the hardest hit sectors like aviation, hotels, tourism and retail

Beyond the immediate crisis, we are preparing for a post Covid-19 economy. No one knows exactly what this will look like. But we have forward looking programmes to transform our companies and upgrade our workers. We will build a dynamic, resilient and responsive economy, no matter what happens

We will:

  • accelerate digital transformation of all industry sectors
  • help firms to innovate and adapt with Transformation and Growth Packages
  • give SMEs extra support through the SMEs Go Digital, SkillsFuture Enterprise Credits and other grants
  • promote new growth sectors – such as innovation and technology, biomedical, ICT, professional and digital services, cybersecurity, food manufacturing, medical care and education

We will:

  • establish green lane arrangements for safe travel with other countries
  • pursue international co-operation, expand our trade networks and seek out new markets
  • participate actively in the global digital economy
  • diversify our sources of food and essential supplies and build resilient supply chains

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