Large firms step up to help SMEs with relief and training

  • SINGAPORE – Several large companies are helping small and medium-sized enterprises (SMEs) stay afloat as the coronavirus outbreak continues to take a toll on their finances and operations.

    The initiatives involve providing much-needed relief and training to firms at a time when some government assistance tapers off as the economy gradually reopens.

    American software company Salesforce has partnered the Singapore Business Federation (SBF) to hand out $960,000 in cash grants to eligible SMEs. The programme is expected to benefit 120 firms, which will each receive a grant of $8,000.

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