Singapore will launch a "Business Adaptation Grant" in October to support companies facing challenges due to U.S. tariff-related uncertainties. The initiative, led by the Singapore Economic Resilience Taskforce (SERT), will provide up to SGD 100,000 per company, with SMEs prioritized. The grant will help cover costs for legal and trade consultations, supply chain improvements, and market diversification. Additionally, it will support workforce training to enhance adaptability in a shifting global trade environment.
To help businesses adapt to uncertainties stemming from U.S. tariff policies, the Singapore Economic Resilience Taskforce (SERT) will provide financial support. The initiative, called the “Business Adaptation Grant,” is expected to launch around October.
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