Knowledge Highlights 24 April 2020

The first quarter of 2020 was marked with new regulations, schemes and near-term relief measures for supporting businesses in coping with Covid-19. We are pleased to provide an infographic of these public policy developments and their potential commercial impact in the following areas:

  • Financing: Short-term financing support for SMEs and increase in Government’s risk share for certain loan schemes initiated by 31 March 2021
  • Manpower: Enhanced Job Support Scheme for nine months
  • Property leasing: New Covid-19 (Temporary Measures) Act 2020 to ensure pass-through of non-residential property tax rebate from property owners to tenants
  • Food security: Launch of new S$30 million grant to accelerate local production of commonly consumed food items
  • Food delivery: Launch of Food Delivery Booster Package

To view the Q1 2020 Review, please click here.