Business benefits-at-a-glance

  • An AI-enhanced platform, Business sans Borders, will allow SMBs to digitally connect with domestic and overseas business partners.
  • Announced in 2019 SMEs Go Digital was expanded in 2019 giving SMBs access to pre-approved digital solutions.
  • Scale up SG gives SMBs the opportunity to learn from experts to develop and grow their leadership teams.
  • All financing schemes were integrated into the Enterprise Financing Scheme, meaning the government will cover up to 70% of the risk of bank loans for approved businesses.
  • The foreign work quota was lowered to 38% of business’ workforce. 

New business data and solutions hub

SMEs Go Digital expands

Scale-up SG takes off

Financing schemes join up

Lower foreign worker quota

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