The Business Times
business-time-50

Insolvency support for small firms from Jan 29

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Thu, Jan 28, 2021 · 09:50 PM

    Singapore

    MICRO and small companies severely impacted by Covid-19 and in need of help to restructure their debts to rehabilitate their business or wind up may apply for a Simplified Insolvency Programme (SIP) starting Jan 29.

    The SIP will be available for six months until July 28 and may extend further if the need arises, Singapore's Ministry of Law (MinLaw) said on Thursday.

    Ministry of LawInsolvencySingapore SMEs

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Koh Boon Hwee says humans have accepted that robots can take over the most repetitive, manual tasks, but are nervous about AI, which can also think.

    With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More