SINGAPORE - Local small and medium-sized enterprises should be given a leg-up in securing government contracts, and this is just one of the many measures that can be explored to help them recover and emerge stronger from the pandemic, said Second Minister for Trade and Industry Tan See Leng.
When these firms reach a certain level, they need validation from government agencies the same way as bigger companies, he added. In the short term, he said, measures such as the Jobs Support Scheme of wage subsidies and Self-Employed Person Income Relief Scheme have helped save the majority of companies and jobs here.
The JSS was extended by up to seven months to cover wages paid up to March 2021 for firms in sectors that were harder hit by Covid-19, and up to December this year for sectors which are coping well. Since Sept 1, firms applying for new EPs for foreign professionals have to pay them at least $4,500 a month, up from $3,900.
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