Bright prospects for precision engineering that supports 5G, IoT: Chan Chun Sing
Add BT as a preferred source
Sharon See
Singapore
LARGE companies will be able to get more financial support from the government under the Partnerships for Capability Transformation (PACT) scheme until March 2022, Trade and Industry Minister Chan Chun Sing said on Monday.
The support rate for PACT qualifications for original equipment manufacturers (OEMs), which are not small and medium enterprises (SMEs), will be increased to 70 per cent for all manpower categories, which are currently at 50 per cent, he told reporters through a virtual press conference following a visit to German engineering firm Rohde & Schwarz.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
