SINGAPORE - More help is on the way for food and beverage (F&B) as well as retail businesses, as Singapore tightens its Covid-19 restrictions to curb the spread of the virus within the community.
Enterprise Singapore (ESG) reintroduced two booster packages on Sunday (May 16) to help firms in these sectors defray operational costs and enter the online market during this period of heightened alert.
A Food Delivery Booster Package will subsidise part of their delivery costs, while an E-commerce Booster Package will get local retailers, including heartland shops, to extend their reach online.
Singapore hunkered down on Sunday - the first day of the new tightened Covid-19 restrictions - with fewer people out and about at shopping malls, parks, hawker centres, and wet markets across the island. Until June 13, people are allowed out only in groups of two, and dining in is prohibited.
Singapore Announces Strategy for E-commerce Industry: Potential for Global and Regional Hub
Singapore Announces Strategy for E-commerce Industry: Potential for Global and Regional Hub February 11, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 3 minutes
Singapore’s Minister of Trade introduced the latest plans to transform his country into a regional and global e-commerce hub.
The plans include strengthening digital infrastructure, such as by expanding the 5G network in addition to expanding the digitalization of SMEs.
Singapore has long been the pre-eminent destination for multinational tech companies to establish their regional headquarters.
Many companies choose Singapore for its investor-friendly tax and legal regime, enabling them to focus on regional expansion.
Five-pronged strategy to build up Singapore as e-commerce hub: Chan Chun Sing businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.