In the 2020 Budget Statement delivered earlier today on 18 February 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat shared about the measures that the Government will put in place to support businesses through the uncertainties in the global environment while preparing them to capture the opportunities in the future.
During the budget speech, the CDAS ePayment Solution was also mentioned briefly. CDAS is hard at work to developing this solution to help address the long-term industry pain points, that aims to help the container depot and logistics players work Faster, Easier, and Better, with significant cost and time savings. Further details about this can also be found in Annex B4 of the budget.
Excerpt from the Budget 2020 (Credits: CNA Youtube)
To watch the full Budget 2020 announcement, you may also click here.
You may also wish to visit https://www.singaporebudget.gov.sg to read the Budget speech in full and refer to the Budget Annex for more details on the measures announced.
For more information on sector-specific relief measures, businesses can refer to the MOF’s and MTI’s infographics on business measures:-
MOF B2020 Budget Booklet – SSP_compressed
MTI Budget Booklet_for dissemination_18 Feb
Businesses can also visit Enterprise Singapore’s Budget microsite https://www.enterprisesg.gov.sg/budget-2020.
Should you have any queries, feel free to contact us today!