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Singapore Business Federation renders support to businesses and workers in need

Amala Balakrishner
Amala Balakrishner6/11/2020 08:27 PM GMT+08  • 2 min read
Singapore Business Federation renders support to businesses and workers in need
“How fast our economy is able to bounce back from this crisis is also dependent on how adaptable and agile our businesses are to change amidst adversity,” says SBF chairman
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SINGAPORE (June 11): The Singapore Business Federation (SBF) has launched a $2.5 million fund to support member companies looking to digitalise and grow their capabilities.

Dubbed the RISE programme, the fund is established in support of trade agency Enterprise Singapore’s (ESG) SG Together Enhancing Enterprise Resilience (STEER) programme.

SBF members with a paid-up capital of less than $5 million can receive up to $500 in support for activities meant to tide their business over the Covid-19 health-turned-economic crisis. These activities will include areas such as digital transformation, corporate sustainability, crisis leadership and post-Covid-19 growth.

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