The Business Times
business-time-50

New S$70m scheme for eateries, retailers; S$50m campaign for heartland shops

F&B, retail businesses to enjoy maximum support level of 80% for the two schemes

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Fri, Mar 4, 2022 · 09:50 PM

    Singapore

    THE retail and food and beverage (F&B) industries are set to get S$70 million more in business support, said Minister of State for Trade and Industry Low Yen Ling.

    Heartland enterprises, as well as trade associations and chambers (TACs), are other intended beneficiaries of initiatives that she announced on Friday (Mar 4) at the Ministry of Trade and Industry's Committee of Supply debate.

    Singapore Budget 2022SMEs

    TRENDING NOW

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    ThaiBev on Thursday reported a 1.8% dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. 

    Stocks to watch: ThaiBev, Genting Singapore, First Resources, Olam Group, UMS Integration, Frencken, SBS Transit and more

    Revenue was down 18.3% at S$12.5 billion from S$15.3 billion in the corresponding year-ago period.

    Olam H1 profit up six times to S$1.9 billion on Olam Agri spin-off; declares dividend of S$0.07 a share

    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