To stabilise businesses against the immediate effects of Covid-19, we are:
Transforming and Growing Our Economy Together
Source: The Straits Times © Singapore Press Holdings Limited.
- 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