Hawksford is excited to partner with the American Chamber of Commerce in Singapore and host a webinar about the Singapore Budget and the key measures put in place by the Singapore government to help SMEs cope and grow amidst COVID-19 challenges.
Singapore has now released three rounds of budget measures for businesses and households in response to the COVID-19 pandemic- ‘Unity’, ‘Resilience’, and ‘Solidarity’. The recently announced Solidarity Budget which includes revised Government revenue and expenditure plans for the current financial year with measures amounting to more than twice the level of support provided during the Global Financial Crisis in 2009. Altogether, Singapore will be drawing on S$21 billion from its reserves to support the country through the Covid-19 outbreak.
As SMEs have been especially impacted, various initiatives have been included in the three budget measures to address the key concerns: cash flow, costs, and credit. A number of programs have been expanded and enhanced to support SMEs at this time in order to build a stronger economy. Programs such as the Wage Credit Scheme and SME Working Capital Loan preserve jobs as well as alleviate capital concerns, while initiatives supporting the digitization, restructuring, and operations transformation are being introduced in programs such as the SMEs Go Digital Programme, the Productivity Solutions Grant, and the Enterprise Development Grant.
We're pleased to partner with the American Chamber of Commerce in Singapore and host a webinar to discuss key portions of the three budget measures that aim to support SMEs and how SMEs may take advantage of such programs.
Singapore Budget Insights for SMEs
- Key portions of the three budget measures that aim to support SMEs
- How SMEs may take advantage of such programs
Who should attend:
- Singapore based Startups, SMEs or multinational companies from any sector looking to expand into Singapore
- Companies and entrepreneurs who want to grow their business in Asia via Singapore and learn about its benefits
|Date:||Wednesday, 6 May 2020|
|Time:||11.00 am - 12:00 pm SGT (Singapore time)|
|Cost:||Complimentary for American Chamber of Commerce Singapore members. $18 for all other attendees|
Salvatore di Chiara, Head of Account Management, Hawksford
Salvatore is a qualified Certified Public accountant in Italy and gained substantial experience in strategic, commercial and operational advice for large European corporations investing in Asia.
Salvatore supervises and coordinates the accounting and tax team, advising local and international clients in Singapore and Malaysia, with a focus on Industrial Investments, Oil & Gas, ICT and Luxury.
Taisha Grace Antony, Senior Analyst PS-Engage
Taisha Grace Antony is a public policy specialist, having worked in intergovernmental organisations, academic institutions, government think tanks and the private sector. Most recently, she worked at TRPC Pte. Ltd., a tech and ICT policy consultancy, where her research covered topics such as digital governance, cybersecurity, cloud computing, cross-border data flows, ecommerce, trade modernisation and digitisation efforts in areas such as health and education.
Concurrently, she was also the Director of Engagements at the Asia Cloud Computing Association (ACCA), where she regularly engaged in policy dialogue with governments through multi-stakeholder meetings and written public consultation responses.
About the Moderator:
Mr. Ang Yuit|Vice President for Strategies, Development & Digitalisation; Chairman; SMECentre@ASME
Mr Ang Yuit joined the Executive Council as a Council Member in 2009. Currently serving as Vice President (Membership & Training), Mr Ang spearheads several initiatives and activities, chiefly focused on the Association’s membership and training, as well as representing ASME at various events and meetings.
Mr Ang spearheaded ASME’S shared services digitalization initiative, SMECEN – an initiative that offers a range of functional processes. Ranging from accounting to human resource administration and payroll, the initiative will benefit SMEs in streamlining their work processes, from initiation for 2 years.
About the American Chamber of Commerce Singapore
The American Chamber of Commerce in Singapore (AmCham) is the largest and the most active international business association in Singapore and Southeast Asia, with over 5,000 members representing more than 600 companies. The Chamber is comprised of 13 industry-specific committees and conducts nearly 200 events per year.
Their goal is to provide the information and facilitate the access and connections that give members insight into the local, regional, and global operating environment, enhance their professional capabilities, and enable them to make well-informed business decisions.
Hawksford is a leading provider of company formation, providing administration services and business support from small to medium-sized to large companies in Asia and Europe. We have more than 80 multilingual professionals, in a strategic location in Hong Kong, who are fluent in Mandarin, Cantonese, English, German, Spanish, Czech and Italian. With 200 staff across Asia and 450 globally, based in China, Hong Kong, Singapore and London, Jersey and Milan our people are experienced and highly qualified.
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