On its agenda: a rebate on foreign worker levies in industries such as food and beverage services, hospitality and logistics until Dec 31, 2021 - on top of similar rebates that are already in place in the construction, marine shipyard and process sectors.
As such, the SBF hopes that the deadline for the Temporary Bridging Loan Programme can be pushed back again, to March 2022. Meanwhile, the SBF pointed to the launch last month of the Tech.Pass visa, which is meant to attract tech-sector leaders to work and invest here, as an opportunity to"help to close the demand gap for local tech talent".
These would include pre-approved cyber security advisers for SMEs, as well as"bespoke support" for innovative SMEs to monetise their intellectual property, grow their workforce and scale up internationally, according to the list of recommendations.