Business
Singapore Budget 2021: 3 Things Startups Need To Know
By ValueChampion  •  March 5, 2021
Every year, entrepreneurs anticipate how the budget announcements will directly impact their business. The budget announcements this year are especially important to startups, as many of them are still recovering from the financial instability caused by the pandemic. Below, we explore three ways that startups and small businesses can make better informed decisions based on Singapore Budget 2021. Key Highlights
  • S$5.2B allocated to create up to 20,000 jobs & 35,000 traineeships
  • GST extended to low value imported goods & services from 2023
  • S$60M announced for Agri-Food Cluster Transformation Fund
1. Extended Support For Hiring New Employees Recruitment was at a standstill for many companies during the Pandemic. This resulted in a rising unemployment rate as well as delayed growth within small businesses. The Job Support Scheme will support partial employee wage for the next few months, in an attempt to encourage startups to resume hiring activities...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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