DBS rolls out new business support measures

Singapore

MICRO and small enterprises prioritise protecting employees' livelihoods, but many need more support, according to a survey conducted by DBS. The bank has therefore rolled out new measures to support these business owners in their quest to keep their operations afloat.

Approximately six in 10 micro and small enterprises polled in the DBS SME Pulse Check Survey cited responsibility for protecting employee livelihoods as the main motivation for sustaining their businesses. More than half have tapped on personal savings and assets to do so amid the economic downturn.