This is a period of unprecedented change for all of us and we know this is a difficult time, especially for the fashion industry. As we closely monitor the guidance and instructions from our government, TaFF continues committed to helping our members and community weather from this global crisis, and prepare for the future.
We will continue to share with relevant information whenever there are new updates from the government.
TaFF has also spearheaded some quick initiatives and pulled together resources to help you in this period of uncertainty, as listed below.
Last updated: 11 June 2021
Maintaining Heightened Alert to Minimise Risk of Transmission As We Re-open Safely – (11 June 2021)
As announced by the Multi-Ministry Taskforce earlier, we will be gradually reopening to Phase 3 (Heightened Alert) from 14 June 2021 in a calibrated approach. In particular, enterprises should note the following:
- Work-from-home remains the default. There should continue to be no cross-deployment of workers to multiple worksites.
- Enhancements to Jobs Support Scheme (JSS) will remain for affected sectors until 20 June. From 21 to 30 June, the affected sectors will receive 10% JSS support.
From 14 June 2021
- The permissible group size will be increased to 5 persons.
- Personal care and appearance services which require masks to be removed (e.g. facials, saunas) will be allowed to resume.
- Maximum audience size for cinema screenings, MICE events and live performances (excluding those involving unmasking and singing/playing of wind instruments) will be increased to 250 attendees with pre-event testing (PET). PET will not be required for events with 50 or fewer attendees.
- The operating capacity of attractions and cruises that have received MTI’s prior approval will be increased from 25% to 50%.
From 21 June 2021 (should the situation remain under control)
- Dining in at F&B establishments will be allowed to resume. Strict observance of at least 1m safe distancing between groups of diners (no more than 5). Enforcement will be significantly stepped up and firmer enforcement action will be taken for any breaches. Patrons are to be reminded to keep masks on at all times, except when eating or drinking
- Wedding receptions can take place up to 100 attendees with PET. For up to 50 attendees, PET only required for members for the wedding party (up to 20 attendees including couple)
- Unmasking and singing or playing of wind instruments at live performances may resume, subject to NAC’s safe management measures to be released
- Gyms and fitness studios may resume indoor mask-off sports activities, with at least 2m between persons and at least 3m between groups of up to 5 persons
- In-person tuition and enrichment classes may resume with up to 50 per class
Regular Fast and Easy Testing (FET) Regime for Staff Involved in Higher-Risk Mask-Off Activities
- Staff who work at settings with unmasked clients and patrons will be placed on a FET regime, using tests such as an antigen rapid test, regardless of their vaccination status. These include staff of:
- Dine-in F&B establishments
- Personal care services that require removal of masks (e.g. facial services, saunas, make-up services)
- Gyms and fitness studios where clients are unmasked
- Mandatory FET testing will be progressively rolled out to larger establishments first and extended to smaller businesses thereafter. FET testing at dine-in F&B establishments will be progressively rolled out from next month. More details will be announced when ready.
Updated Guidance Note on Safe Management Measures for Companies – (10 June 2021)
Guidance Note by Enterprise Singapore. Read more here.
On 31 May 2021, PM Lee Hsien Loong shared the Government’s plans to manage COVID-19, including increased testing, contact tracing and vaccinations. The following propose additional Safe Management Measures (SMMs) that companies may wish to employ, to safeguard the health of your employees and customers. These additional SMMs are on top of the minimum standards specified in the national and sectoral rules (e.g. Requirements for Safe Management Measures at the workplace www.mom.gov.sg/covid-19/requirements-for-safe-management-measures ).
- [Test] Place employees on regular testing using alternative tests.
Companies whose employees are not on Polymerase Chain Reaction (PCR) Rostered Routing Testing (RRT) may wish to consider putting your employees on regular testing using alternative tests such as Antigen Rapid Test (ART), especially if they are working in higher risk settings where there is a high density of people who are unmasked and in close proximity to one another for prolonged periods of time.
- [Trace] Manage COVID-19 Cases proactively.
Proactively manage potential contacts of COVID-19 cases at the workplace, to prevent clusters forming.
- If an employee/visitor has tested positive for COVID-19, you should immediately ask any staff who were in close contact with the employee/visitor in the last 14 days (for example, working in the same zone or on the same shift) to self-isolate while MOH performs contact tracing. This will minimise the risk of further spread if any of them are infected.
- When three or more COVID-19 cases that are epidemiologically linked are formed at your workplace, test all high risk employees to detect additional cases before resuming operations. High risk employees are recommended to be placed on a 7-day Rostered Routine Testing after reopening.
- [Vaccinate] Encourage your workers to be vaccinated.
More vaccines will be delivered to Singapore over the next two months. Please encourage your workers to get vaccinated as soon as possible. Vaccines protect us, by lowering the risk of being infected, and reducing the severity of disease. The higher our vaccination rates, the faster we will be able to overcome COVID-19.
In addition to testing, tracing and vaccinating more aggressively, we urge companies to adhere strictly to prevailing SMMs, and update their workplace protocols to take into account the latest public health advisories.
- Enforce mask discipline.
Employees and patrons should use masks with good filtration capability. These include (a) disposable surgical masks with a minimum bacterial filtration efficiency (BFE) of 95%, and (b) reusable masks that are made of at least two layers of fabric, such as masks issued by the People’s Association and Temasek Foundation. For more information on masks, you may refer to Health Science Authority’s (HSA) article entitled “What you need to know about Masks” www.hsa.gov.sg/consumer- safety/articles/details/what-you-need-to-know-about-masks .
- Avoid workplace gatherings.
All large meetings or events at the workplace should be avoided as far as possible. If such meetings/events have to be held physically and cannot be held virtually, they must be capped at 50 persons, with 1 metre safe distancing maintained between attendees. Food and drinks are also not allowed at work-related events. Employees should also not mingle with each other in social settings outside the workplace.
- Ventilate your workplace.
Workplaces should maximise fresh air intake, and ensure appropriate cleaning of recirculated air by keeping ventilation systems in good working order. If necessary, consider purchasing portable air cleaners with high-efficiency air filters such as HEPA filters, which are effective at removing virus aerosols. Please refer to the guidance note for detailed technical recommendations for premises according to the type of ventilation systems used https://www1.bca.gov.sg/docs/default-source/docs-corp-news-and- publications/circulars/guidance-note-on-improving-ventilation-and-indoor-air- quality-in-buildings.pdf .
Support Measures for Businesses and Individuals During Phase 2 (Heightened Alert) – (1 Jun 2021)
As announced on Friday May 28 2021, the Government will be rolling out enhanced support measures to support businesses and individuals who are significantly impacted by restrictions during Phase 2 (Heightened Alert).
In particular, enterprises should note the following:
Jobs Support Scheme (JSS)
- JSS has been enhanced for significantly affected sectors from 16 May to 13 June (Refer to Annex A in link for details on supported sectors).
- Businesses that are significantly affected by the tightened measures and would like to appeal for enhanced JSS support may do so at go.gov.sg/jss
Graphics used were taken from MOF’s Facebook post from here
- Rental relief will be provided to SMEs and eligible NPOs with an annual revenue of <$100m, who are tenant-occupiers of qualifying commercial properties. (Refer to Annex B in link for eligible properties).
- For government-owned commercial properties, one month rental relief will be provided for qualifying tenants.
- For privately-owned commercial properties, IRAS will disburse a 0.5 month rental relief cash payout directly to qualifying tenants as part of the new Rental Support Scheme (Refer to Annex C in link for details of the scheme).
- Property owners who run an SME businesses or an eligible NPO on their qualifying commercial property are also eligible for the Rental Support Scheme.
- Most qualifying tenants and owner-occupiers will receive the cash payout automatically. The cash payout will not be disbursed automatically to tenants who only rent part of a property, or to tenants who rent a mixed-use property (e.g. a shophouse for both retail and residential use), and/or to licensees. Such businesses should submit an application to IRAS, and provide supporting documents. IRAS will provide more details of the Rental Support Scheme and application process on its website by mid-June 2021
Graphics used were taken from MOF’s Facebook post from here
Following an increase in community cases and with Singapore tightening safe management measures, below are some key updates and information for businesses to take note. (19 May 2021)
- Further Tightening of Safe Management Measures
- Revised Entry Approval Measures For Work Pass Holders
- Re-introducing F&B Delivery and E-commerce Booster Packages + Updated Advisory for Delivery
- SafeEntry Gateway (SEGW) and how Businesses can Deploy it
Further Tightening of Safe Management Measures
Following an increase in community cases, the Multi-Ministry Taskforce announced earlier that with effect from Sunday, 16 May, there will be further tightening of Safe Management Measures.
Do refer to the infographic below for a summary and take note of the new changes. Full details can be found here.
Revised Entry Approval Measures For Work Pass Holders
In view of the resurgence of COVID-19 cases and emergence of new virus variants, MOM has announced on 7 May 2021 that the Government will be reducing entry approvals for work pass holders and their dependants (including In-principle approval (IPA) holders) entering Singapore in the coming weeks.
Please refer to the press release here for the full details and do note that MOM has informed that there is an error in Paragraph 5 that only work pass holders from low risk countries approved to enter Singapore via RGL and PCA are not affected.
Re-introducing E-commerce Booster Packages + Updated Advisory for Delivery
To further support F&B and retail businesses, ESG has re-introduced the E-Commerce Booster Package.
Given the tightening of safe management measures from 16 May through to 13 June 2021, we have re-introduced the E-Commerce Booster Package to support retailers in diversifying your operations and defraying business costs of going online.
Through the package, retailers can engage one of the appointed e-commerce platforms to sell your products online and expand your reach in the Singapore market.
Solutions offered by the appointed e-commerce platforms include:
- Content development (e.g. product photoshoot, content copywriting, product packaging)
- Product listing (e.g. setting up of merchant store, uploading of content, store decoration)
- Channel management (e.g. assortment & pricing, promotion/campaign planning, forecasting and inventory management, data analytics)
- Fulfilment (e.g. warehousing of products, fulfilment by e-commerce platforms, integration with last-mile logistics providers)
- Advertising and promotion (e.g. cross-channel marketing campaigns, onsite/in-store marketing campaigns
- Training workshops to enhance e-commerce capabilities
Eligible local retailers will receive a one-time support to defray 80% of qualifying costs (capped at S$8000).
The advisory for retail delivery has also been updated, with key points to highlight below:
- Delivery personnel reminded to minimise interactions with others and not cluster together when collecting items or during breaks.
- No more than 2 pax per group
- Delivery personnel encouraged to download TraceTogether mobile app or Token for check-in
SafeEntry Gateway (SEGW) and how Businesses can Deploy it
With the launch of the SafeEntry Gateway (SEGW) for a simpler and faster check-in process, there are two ways businesses can deploy the use of SEGW. Below is information on how to get started and some useful links for clarification.
1. By downloading/upgrading your SafeEntry (Business) App from Version 1.1.0 onwards on iPhones, Android mobile phones or tablets
The SafeEntry (Business) App currently used by many businesses to scan IDs’ barcodes and Token’s QR codes has been upgraded from March to include the SEGW feature, which detects the TT Token and TT App for check-in to SafeEntry.
2. By registering for an SEGW Box (please refer to this guide, Section C, to check if your venue is eligible)
Selected public-facing venues have the option of applying for the Box, which is a hardware device that functions in the same way as the SafeEntry (Business) app.
The list will be updated weekly. Businesses that would like to start deploying SEGW without waiting to apply for the SEGW Box may do so by using the SafeEntry(Business) app with the SEGW function.
Here is a guide on how to apply and use the SafeEntry Gateway Box.
Re-Align Framework to Renegotiate Contracts For Businesses Significantly Impacted by COVID-19 (9 Nov 2020)
The Ministry of Law will be introducing a new Re-Align Framework targeted for small and micro enterprises who have been significantly impacted by COVID-19, and need to review their business models and contractual obligations.
The Re-Align Framework hopes to provide a quick and fair way for businesses to renegotiate their contracts and realign with current economic conditions and business objectives.
The Ministry of Law will announce implementation details in due course.
The infographic below from the Ministry of Law shows the overview of the Re-Align Framework. You may also learn more about this here.
Extension of Wage Subsidies under Job Support Scheme (16 Aug 2020)
Deputy Prime Minister, Heng Swee Keat announced yesterday an extension of the wage subsidies under the Jobs Support Scheme to support workers and businesses affected by COVID-19.
For more information, please refer here.
As announced by the Ministry of Taskforce, most businesses will be able to resume operations on 19 June 2020.
Activities to be Resumed in Phase Two (subject to Safe Management Measures)
1. Retail establishments and lifestyle-related businesses may re-open their physical outlets. All such establishments (including malls, supermarkets and standalone stores) must adhere to the measures outlined in this advisory. Attached the relevant infographic for easy reference.
2. Standalone food and beverage (F&B) establishments predominantly selling beverages can resume operations. F&B dine-in will also be allowed to resume, subject to liquor sales and consumption ceasing at 2230 hours. Live music, radio broadcasts and all forms of television/video screenings, as well as other forms of public entertainment such as dancing, darts or karaoke, are not allowed. All F&B establishments must adhere to the measures outlined in this advisory.
3. Personal health and wellness, and home-based services will be allowed to resume. All other healthcare services, including eldercare services in the community, individual health screening and aesthetic services, may also resume.
4. Please refer to https://covid.gobusiness.gov.sg/permittedlist to check if your business is allowed to resume. If so, you do not need to apply for an exemption before resuming operations. However, you must adhere to the safe management guidelines and submit your manpower details via https://covid.gobusiness.gov.sg within two weeks of the date of resumption of operations.
5. Telecommuting must remain the default for all businesses where feasible. Employees should only come into the office when demonstrably needed.
Please refer to the following links should you require more information pertaining to Phase Two and the relevant Safe Management Measures:
• MOH press release on moving into Phase Two of re-opening
• MOH press release on the gradual re-opening of travel and changes to border measures
• Advisory for Phase Two re-opening of retail establishments and lifestyle-related services
• Advisory for Phase Two re-opening of F&B establishments
• Requirements for Safe Management Measures at the workplace
You may also refer to ESG’s business advisory page (www.enterprisesg.gov.sg/covid-19) for the latest information.
Singapore’s Fortitude Budget was presented by Deputy Prime Minister, Mr Heng Swee Keat on 26 May 2020. Building on the Unity, Resilience and Solidarity budget, the Fortitude Budget aims to help individuals and businesses adapt and build resilience amid COVID-19.
Fortitude Budget (26 May 2020)
- $33 billion has been set aside for the latest “Fortitude” Budget.
- Three key focus: (i) Protect livelihoods, transform businesses, (ii) Support households and community and (iii) Support frontline agencies in fight against pandemic
- For Businesses
Jobs Support Scheme (JSS)
Foreign Worker Levy/ Rebate
For firms which cannot open on 2nd June, the Foreign Worker Levy and Rebate will be extended for up to 2 months.
Deferment of increased CPF contributions for senior workers
|Increased CPF contributions for senior workers will be deferred from Jan 2021 to Jan 2022.|
Digital Resilience Bonus
SGUnited Jobs and Skills Package SkillsFuture
Hiring Incentive expanded
To encourage employers to hire local workers whom have gone through eligible traineeship and training schemes.
- For Individuals/Households
Self-Employed Income Relief Scheme (SIRS)
Solidarity Utilities Credit
|One-time $100 credit for every household with at least 1 Singaporean, to be reflected in July or August bill.|
See full summary of Fortitude Budget here.
On 21 April, the Multi-Ministry Taskforce has announced that the Circuit Breaker will be extended to 1 June 2020 (inclusive) and have put in place enhanced circuit breaker measures minimally for a two-week period from 21 April 2020 until 4 May 2020 (inclusive). The Government will continue to support our people and businesses through the extended circuit breaker period, building on the measures introduced in the Unity, Resilience, and Solidarity Budgets since 18 February 2020. Details for new updates are below.
Jobs Support Scheme wage subsidy remains at 75% for all sectors for May 2020 (New)
In the Solidarity Budget announced earlier, the JSS was raised to provide 75% wage support on the first $4600 of gross monthly wages for local employees across all sectors for the month of April 2020.
- 75% JSS will be extended across all sectors for another month, i.e. in the month of May 2020.
- Payout for May 2020 will be disbursed by end-May 2020 for employers on PayNow or having existing GIRO arrangements with IRAS.
- Other employers will start receiving their cheques in early-June.
- Employers are encouraged to sign up for PayNow to receive their payouts faster.
- Employers who put local employees on mandatory no-pay-leave or retrench them will not be entitled to the enhanced JSS payout for those employees.
JSS to cover shareholder-directors (New)
The Jobs Support Scheme (JSS) payout will be extended to cover wages of employees of a company who are also shareholders and directors of the company (shareholder-directors).
- This support will only apply to companies that were registered on or before 20 April 2020, and for the wages of shareholder-directors with Assessable Income of $100,000 or less for Year of Assessment 2019.
- The May 2020 payout will also include back-payment for companies with qualifying shareholder-directors whose wages were excluded from the first JSS payout in April 2020.
Foreign Worker Levy Waiver and Rebate extended by 1 month (New)
The Government will extend the Foreign Worker Levy (FWL) waiver and FWL rebate by one month, to ease labour costs of firms that employ foreign workers in this period. As with the initial introduction of the waiver and rebate, this assistance will support firms with workers who are unable to work due to the circuit breaker and/or Stay Home Notice (SHN) measures. Firms should use the assistance for their workers’ wages and subsistence needs. MOM will provide further details.
Previously Announced Support and Relief Measures Will Continue to Apply. For full details, please refer to the MOF press release here. Contact information for COVID-19-related support measures can be found here.
For businesses whom have submitted your request via COVID GoBusiness website to continue your e-commerce operations, you may now check the status of your application via the website.
1. Solidarity Budget 2020 (as announced on 6 April)
A third tranche of COVID-19 support measures has just been announced by DPM Heng Swee Keat and that includes additional cash payout and support for businesses and self-employed persons.
Meant to complement the measures introduced in Budget 2020 and Resilience Budget, this Solidarity Budget was introduced to protect jobs and livelihoods, support firms and workers, and help Singaporeans.
More details can be seen from the infographics below and kindly refer here for full Solidarity Budget.
Supporting businesses (Costs)
- Job Support Scheme (JSS) to be further enhanced: All companies to get 75% wage subsidy for every local employee for April, capped at the first $4,600 of monthly wage. First payout brought forward to April 2020.
- Businesses can check their JSS eligibility on the IRAS website here.
- Foreign worker levy due in April 2020 will be waived.
- Companies will receive Foreign Worker Levy rebate of $750 for each work permit or S Pass
- Ministry of Law will pass legislation to allow businesses and individuals defer certain contractual obligations, such as paying rent, repaying loans, or completing work, for a period. The bill will also mandate that property owners pass on the Property Tax Rebate in full to its tenants.
- Rental rebate for non-residential government-owned premises (used for industrial or office purposed etc.) will increase from 0.5 month to 1 month.
Support businesses (Credit)
- Government’s risk share for loans made under the Enterprise Financing Scheme, Temporary Bridging Loan Programme and Loan Insurance Scheme will increase from 80% to 90% for loans initiated from April 8, 2020 till March 31, 2021.
Support for self-employed persons (Cash)
- Self-employed Persons Income Relief (SIRS) will be extended to include self-employed persons who also earn a small income from employment work.
- Current annual value of property threshold to be raised from up to $13,000 to up to $21,000 and to include those who live in some condominiums and other private properties.
Support for households (Cash)
- All adult Singaporeans will receive a one-off Solidarity Payment of $600 in cash by mid-April 2020.
- Parents will receive an additional $300 payout for each child aged 20 and below
- A $100 top-up for PAssionCard will be given to Singaporeans aged 50 and above.
2. Guidelines on suspension of workplace activities to reduce COVID-19 transmission
This is an update following PM Lee Hsien Loong’s address to the nation and press conference with the Multi-Ministry Taskforce on pre-empting the trend of increasing local transmission of COVID-19.
Suspension of activities at the workplace premises
With effect from 7 April 2020 till 4 May 2020 or further, there will be a suspension of activities at workplace premises. This is not a closure of businesses.
Entities which carry out activities listed in in Annex A in MTI’s release can continue to operate from their workplace premises, and this include “Online retail and related supply chains”, listed under “Others” in the list of essential services (page 11 of Annex A).
With the government’s announcement yesterday, all businesses (including essential services and retailers that intend to continue operating their e-commerce channel) MUST submit their plans to operate with enhanced safe distancing measures in place at http://covid.gobusiness.gov.sg by end of 13 April 2020.
TaFF will be working closely with Enterprise Singapore to facilitate the dissemination of further critical information and also to expedite approval for our members. You may also submit details for your submission here or email Jeanne at firstname.lastname@example.org, and we will reach out directly to Enterprise Singapore for a response.
We urge members to join TaFF’s member Facebook group and Whatsapp to receive timely updates. Kindly email email@example.com to join the Whatsapp group.
3. Government Resources – 2020 Resilience Budget
Outlined below are several schemes and grants that are applicable for your businesses from the recently announced Resilience Budget 2020.
Updates on reflected in For Businesses (Building Capabilities and Resilience), on E-Commerce Booster Package and IMDA’s Stay Healthy, Go Digital Programme.
- Saving Jobs and Supporting Wages
|1||Enhanced Jobs Support Scheme & Wage Credit Scheme||· Co-funding to 25% for first $4.6K for Singaporean/PR staff
· Co-funding period for 9 months till end-2020
|Application is not required. All active employers, with the exception of Government organisations (local and foreign) and representative offices, are eligible for the JSS|
|2||Enhanced Wage Credit (WCS)||Enhanced Wage Credit given by the Government||Application is not required.All WCS payouts will be disbursed through GIRO or PayNow Corporate.|
|3||SGUnited Traineeship||Co Fund wage for traineeship for 1st time job seekers||This programme will provide fresh graduates from ITE, polytechnics, universities and other educational institutions with traineeship opportunities across various sector More details on the application process and eligibility criteria will be released by WSG in due course|
|4||SGUnited Jobs Initiative||Govt aims to create about 10,000 jobs over the next year||The first SGUnited Jobs Virtual Career Fair will run from 27 March 2020 to 12 April 2020, featuring more than 2,200 jobs. Interested jobseekers can access the VCF at SGUnitedJobs.gov.sg.|
|5||SEPs Income Relief Scheme||$1K monthly payout for the self-employed (up to 9 months)||
Singaporean SEPs who meet all of the following criteria are eligible for SIRS:
Automatic payments for most eligible SEPs
|6||SEP Training Support Scheme||Hourly Training Allowance at $10/hr from 1 May 2020||
Trainees can also tap their SkillsFuture Credit to further offset course fees. Singaporean SEPs who meet all of the following criteria are eligible for SIRS:
Before you enrol on courses, you are required to apply for a Letter of Eligibility. To apply, visit: www.e2i.com.sg/SEP2020 and key in your personal details followed by submission of supporting documents for Letter of Eligibility to SEP2020@e2i.com.sg. Successful applicants will be issued a copy of the Letter of Eligibility from NTUC’s e2i within 2 working days from submission.
- For Businesses (Building Capabilities and Resilience)
|1||SME Go Digital||Increase to 90% for Enterprise Development Grant (EDG) and 80% for Productivity Solutions Grant (PSG).||
To qualify for the EDG, you need to:
SMEs can apply for PSG if they meet the following criteria:
|2||Ecommerce Booster Package||The E-Commerce Booster Package supports local retailers to bring your business online and diversify your sales channels and revenue streams beyond traditional brick-and-mortar.||
The E-Commerce Booster Package comprises the following:
1. E-commerce for domestic market
2. E-commerce for overseas markets
|3||IMDA’s Stay Health, Go Digital Programme||A curated list of resources – including digital solutions, grants and training courses – that businesses can tap on to embrace digitalisation and overcome the challenges posed by COVID-19.||· For business continuity: Digital Solutions Directory
· Nationwide E-Invoicing
· Training/ Webinars to digitalise your business
|4||Higher Course Fee Subsidies||Higher Course Fee Subsidies (to 90%)||
SMEs that meet all of the following eligibility criteria:
SMEs can submit applications and claims through the online SkillsConnect platform at www.skillsconnect.gov.sg. The application can be submitted up to 30 days before the course start date and no later than 30 days after the course start date.
- For Businesses (Tax Rebates and Deferments to ease cash flow)
|1||Rental Waiver||Up to 2 month’s rental waiver||For Tenants in Government-owned/Managed Non-Residential Facilities|
|2||Enhanced Property Tax Rebate||Enhanced Property Tax Rebate· 100% for qualified commercial properties· 60% for integrated resort· 30% for non-residential property||Non-residential properties will be granted property tax rebate for the period 1 January 2020 to 31 December 2020. Commercial properties badly affected by COVID-19 like hotels, serviced apartments, tourist attractions, shops and restaurants will receive a 100% rebate. Other non-residential properties such as offices and industrial properties will get a 30% rebate on their property tax payable. IRAS will send out the rebate notices by 31 May 2020. Property owners can expect to receive their refunds by 30 June 2020.|
|3||Freezing of Govt Fee Charges||Freeze all govt fee charges for 1 year||From 1 April 2020 to 31st March 2021.|
|4||Deferment of Income Tax||Deferment of income tax for 3 mths||
For all employees
- For Businesses (Enhanced Financing Support)
|1||Enterprise Financing Scheme (EFS)||Enterprise Financing Scheme (EFS) $5m-$10m with govt taking risk of 80%||
SMEs that meet all of the following eligibility criteria:
Interested enterprises may approach any of the following Participating Financial Institutions to apply for the loan (subject to banks’ credit approval): List of Participating Financial Institutions.
|4||EFS-SME Working Capital||EFS- SME working Capital $0.6-$1m|
|5||Loan Insurance Scheme||Loan Insurance Scheme||
Companies applying for the LIS should meet the following criteria:
Interested enterprises may approach any of the following Participating Financial Institutions (PFI) to apply for trade loan backed LIS: List of Participating Financial Institutions
|6||Temporary Bridging Loan||Temporary Bridging Loan$1m-$5m||
1. Be a business entity2 that is registered and physically present in Singapore
2 ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the Temporary Bridging Loan. Approval of the loan is subject to the PFI’s assessment.
Interested enterprises may approach any of the following Participating Financial Institutions to apply for the loan (subject to banks’ credit approval): List of Participating Financial Institutions
Complimentary Access to Hot-Desking and Zoom Facilities
TaFF members get to enjoy complimentary hot-desking and access to Zoom facilities at The Cocoon Space.
- Hot-desking at The Cocoon Space: 10 hours per month for the next 3 months
- Zoom Facilities: 5 hours per company per month
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars.
Email us on how to get your access today.
Our Digital Resources initiative gives you access to cutting-edge informative digital platforms, and puts the tools of the trade right at your finger tips. As a TaFF Member, you will have special access to a wide variety of essential global resources that will help develop your design, grow your business, and scale internationally.
Get real-time competitor data from this global fashion analytics and insights software. With insights from over 100 million product SKUs across more than 75,000 brands and retailers, Omnilytics allows brands and retailers to analyse their market & competitor’s offerings so profitable opportunities are never missed.
All TaFF members can have access to the platform for FREE.
How to Access:
Request your access here. Access is given in renewable 12-hour blocks. Other terms and conditions apply.
An essential daily resource for fashion and design creatives, executives and entrepreneurs, Business of Fashion (BoF) is the leading authority on the global fashion industry. Join BoF Professional to get access to fashion business intelligence through a network of savvy writers and fashion insiders in style capitals across the world.
How to Access:
To subscribe to BoF Professional with a group discount, please register here.
Fashion Resource List
The Fashion Resource List comprises a curated list of businesses, producers, vendors, designers, and experts from across the spectrum of the fashion valuechain, all of whom are interested in working with and supporting burgeoning local designers from Singapore and the greater Southeast Asian region.
TaFF used its position as a trade association to collectively partner with listed companies to provide opportunities, programs and collective discounts and special prices. These companies are listed as Star Listings on the Fashion Resource List.
Learn more here.