The Singapore Global Enterprises initiative will provide customised assistance to promising large local enterprises in areas such as innovation, internationalisation and fostering of partnership with other firms, said Finance Minister Lawrence Wong."We will launch a new Singapore Global Executive Programme, to help them to attract and nurture their next generation of leaders through industry and overseas attachments, mentorship and peer support networks," he said.
"This will be of immense benefit as we come out of this pandemic and hit the road once again in our long-term strategy to expand into newer markets," he said. Dr Zubin Daruwalla, health industries leader at PwC Singapore, said the extension of the schemes such as the temporary bridging loan programme and enhanced trade loan will be welcomed.
But he noted that these initiatives are extended for only six months while the effects of the pandemic are likely to last much longer.