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Trade associations get S$90m funding boost

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Minister for Trade and Industry (Industry) S Iswaran said that the government will continue to support TACs' industry development efforts, and provide resources to help willing TACs strengthen their capabilities so that they can play a more proactive role in driving transformation at the industry level and fostering collaboration among members.

Singapore

OVER the next five years, around S$90 million of government funds will be set aside for trade associations and chambers (TACs) to support their efforts to drive industry transformation in Singapore.

This is a 20 per cent increase from the S$75 million that was carved out