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Schemes enhanced to help firms go global and compete

The Straits Times
Schemes enhanced to help firms go global and compete
Singapore s ultimate ambition is to help local enterprises spread their wings, says minister
Firms such as Old Chang Kee will also get support to develop solutions and compete globally. For example, access to new markets will be improved with the expansion of the Global Innovation Alliance network from 15 to 25 cities over the next five years. PHOTO: OLD CHANG KEE/FACEBOOK
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3 Business Platforms The Government Is Investing: Corporate Venture Launchpad; Open Innovation Platform; Global Innovation Alliance

5 minute read
In the recent Budget 2021, DPM Heng Swee Keat talked extensively about innovation as a key economic driver for Singapore’s recovery from the pandemic in 2021 and beyond. Creating a vibrant business community will require innovation and disruption, lest they be caught out by the rapidly changing winds of technology and geopolitics.
Singapore’s recovery hinges on innovation because businesses provide not only goods and services but also jobs. If businesses can find unique and better solutions to existing problems in the country and the wider region, they stand a better chance at long-term growth and creating better jobs for their employees. ....

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Accelerating digital transformation and skills: key takeaways from Singapore's Budget 2021

The government plans to hire more than 200,000 locals and provide up to 35,000 traineeship and training opportunities
The Singapore government announced its Budget 2021 aimed at helping families, workers and businesses weather the Covid-19 pandemic.
There was a big focus in the budget on digital transformation and upskilling workers to prepare for the shift to digital, which has been accelerated by the pandemic.
“As a small, open economy, Singapore’s economic recovery is contingent on how the global situation plays out. Not everything is within our control. We need to adapt nimbly to the wide range of possible outcomes,” said Singapore’s deputy prime minister and finance minister Heng Swee Keat. ....

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Singapore Budget 2021: Key highlights for HR and employers

Published: 17 February 2021
A S$700mn extension to the Jobs Support Scheme, deeper investments in businesses, and more - these are some of the things HR, employers and employees can look forward to in the next few years, as part of Singapore s Budget 2021 initiatives.
Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance Heng Swee Keat delivered his #SGBudget2021 speech in Parliament on Tuesday (16 February), putting forth a slew of measures to be undertaken to help Singapore build resilience and emerge stronger post-pandemic.
Measures announced in the Emerging Stronger Together Budget 2021 include a six-month extension on the Jobs Support Scheme, enhanced salaries for healthcare workers, additional funding for the Jobs Growth Incentive to encourage local hires, and more. ....

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Singapore's 2021 budget aims to boost PE-VC market, forge stronger ties with ASEAN

The government will invest in a Corporate Venture Launchpad, an Open Innovation Platform (OIP), and the Global Innovation Alliance (GIA). ....

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