Speaking in Parliament during his Budget 2022 statement, Mr Wong said Singapore has a “window of opportunity” over the next few years to establish leading positions in key market segments.Here is a summary of how the Government intends to achieve this goal.Mr Wong said an additional S$200 million will be set aside over the next few years to go towards enhancing schemes that build digital capabilities in businesses and workers.
Singapore will be giving more support to local firms to undertake their own research and development activities. As such, he said S$600 million will be set aside to scale up the Productivity Solutions Grant to support more than 100,000 related projects over the next four years. Beyond grants and assistance, Mr Wong said some companies will also need help with their financing needs.Two components of the scheme will be improved.expand on its merger and acquisition loan programme to include related domestic activities from April 1 this year to March 31, 2026
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