Economic Resilience Taskforce unveils new business grant, support for workers amid global trade jitters
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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 affecteEconomic 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 Gan Kim Yong, along with members of Sert, shared about recent engagements with over 3,000 businesses, workers and fresh graduates and their concerns regarding employment prospects and the ability to adapt business plans to the ever-changing tariff environment.DPM Gan noted the latest slate of tariffs announced by US President Donald Trump earlier this week «will prolong the uncertainty and challenges for economies around the world, and add to the headwinds in global trade depressing economic growth». Read more