S’pore to Launch New Grant for Companies, Expand Support for Workers Amid US Tariff Uncertainties

S’pore to launch new grant for companies, expand support for workers amid US tariff uncertainties

Singapore companies will be able to tap a new grant to help them adjust to the new tariff environment, announced the Singapore Economic Resilience Taskforce (SERT). The Business Adaptation Grant, to be launched by October 2025, will be capped at $100,000 per company and requires co-funding by firms, Minister of Manpower Tan See Leng said as the taskforce provided an update of its work so far on July 10. Read more at straitstimes.com.

Singapore businesses to receive up to S$100,000 grant in October as they face a new tariff environment; SMEs to get 'more generous' support

SINGAPORE: Singapore businesses, including small and medium enterprises (SMEs), will be eligible to receive up to S$100,000 per company under the Business Adaptation Grant by October 2025. The grant is to help them for a time-bound period of two years as they adapt to tariff-related challenges. This was stated in a joint press release by […]

S’pore govt to launch new grant in Oct 2025 to support businesses amid US tariffs

The Singapore Economic Resilience Taskforce (SERT) announced on Thursday (July 10) that it will launch a Business Adaptation Grant in October to help Singaporean companies adapt to the new tariff environment amid the imposition of new reciprocal tariff rates by the United States. The grant, which includes a co-funding component, will be capped at S$100,000, said Minister for Manpower Tan See Leng at a SERT press conference. Small and medium ente…

Economic Resilience Taskforce unveils new business grant, support for workers amid global trade jitters

The Singapore Economic Resilience Taskforce (Sert) will be implementing targeted measures for businesses and workers amid heightened concerns surrounding global uncertainties and US trade tariffs. This includes a new grant for businesses directly affected by the tariffs, in addition to temporary enhanced funding support for human resource (HR) professionals. At a press conference on Thursday (July 10), Deputy Prime Minister...

DPM Gan to visit US for trade talks; new grant of up to S$100,000 for tariff-hit businesses

Deputy Prime Minister Gan Kim Yong will head to the United States later this month for trade talks, while his tariff taskforce prepares to launch a grant of up to S$100,000 for affected businesses.