Singapore Announces Targeted Measures to Strengthen Business & Workforce Resilience
The Singapore Economic Resilience Taskforce (SERT) has announced new targeted measures to help businesses and workers navigate the challenging global trade environment, particularly in light of the latest US tariffs that are expected to slow global growth.
Key Business Support
A. Business Adaptation Grant – Launching October 2025 (2-year scheme)
For enterprises impacted by tariffs, especially exporters and those with overseas operations:
- Advisory Support: Free Trade Agreements & compliance, legal & contractual guidance, supply chain optimisation, and market diversification.
- Reconfiguration Costs: Logistics, inventory holding, and other operational adjustments.
This grant complements existing schemes such as:
- Market Readiness Assistance (MRA) Grant
- Enterprise Development Grant (EDG)
- Enterprise Financing Scheme (EFS)
B. Workforce Support
- Expanded Career Guidance: Greater access via Government and NTUC-e2i to help workers and jobseekers plan resilient careers.
- HR Capability Funding: Temporary enhanced funding for basic HR certification to strengthen workforce management.
- Opportunities for Fresh Graduates: Public Service currently has ~2,400 immediate vacancies; career fair in August, plus listings on Careers@Gov.
Looking Ahead
SERT and its tripartite partners will continue to monitor developments, engage stakeholders, and introduce further measures if needed to ensure Singapore’s economy remains resilient and competitive.
