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29 July 2020

The second quarter of 2020 was marked with relief measures and pro-business public policy initiatives in Singapore. We are pleased to provide an infographic of these public policy developments and their potential commercial impact in the following areas:

  • Artificial intelligence: Monetary Authority of Singapore launches first phase of the Veritas initiative which provides a framework for financial institutions to promote responsible adoption of artificial intelligence and data analytics 
  • Real estate: Additional relief measures for property developers affected by Covid-19 including extension of project completion period
  • Maritime: Maritime and Port Authority of Singapore launches new Maritime Digitalisation Playbook to help maritime companies formulate digitalisation roadmaps
  • Supply chain: Commitment between Singapore and other countries to ensure supply chain connectivity
  • Intellectual property: Singapore furthers intellectual property cooperation with South Korea to provide companies with swifter access to both markets

To view the Q2 2020 Review, please click here.