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Phase 2 Heightened Measures to be replaced with 2-step plan
From June 14th, 2021, the existing COVID-19 heightened measures are being relaxed in a two-step process which will see an increase in group gatherings from the previous 2 persons to now 5 persons. However, employers should be aware that the current position of employees working from home as default will continue to apply. 
Business owners who want to find out more details of the current workplace measures may refer to the MOM website: https://www.mom.gov.sg/covid-19/requirements-for-safe-management-measures

Phase 2 Heightened Measures to be replaced with 2-step plan
From June 14th, 2021, the existing COVID-19 heightened measures are being relaxed in a two-step process which will see an increase in group gatherings from the previous 2 persons to now 5 persons. However, employers should be aware that the current position of employees working from home as default will continue to apply.
Business owners who want to find out more details of the current workplace measures may refer to the MOM website: www.mom.gov.sg/covid-19/requirements-for-safe-management-measures
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The recent G7 Summit Meeting: Proposed Worldwide Minimum Tax Rate
As part of the G7 Summit’s proposals from their meeting starting on June 11 to 13th, 2021 is a worldwide minimum tax rate of 15%.
This has led to discussions in Singapore as to how this would affect local businesses and entrepreneurs alike, particularly concerning concessionary tax rates under the Pioneer Certificate Incentive and the Development and Expansion Incentive.
To find out more about this proposal from the G7 summit please see here:
https://www.cnbc.com/2021/06/11/biden-and-g-7-leaders-will-endorse-a-global-minimum-corporate-tax.html

The recent G7 Summit Meeting: Proposed Worldwide Minimum Tax Rate
As part of the G7 Summit’s proposals from their meeting starting on June 11 to 13th, 2021 is a worldwide minimum tax rate of 15%.
This has led to discussions in Singapore as to how this would affect local businesses and entrepreneurs alike, particularly concerning concessionary tax rates under the Pioneer Certificate Incentive and the Development and Expansion Incentive.
To find out more about this proposal from the G7 summit please see here:
www.cnbc.com/2021/06/11/biden-and-g-7-leaders-will-endorse-a-global-minimum-corporate-tax.html
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Singapore Food Agency’s Agri-Food Cluster Transformation Fund: What you need to know.
The Singapore Government has ambitions to reach a ‘30 by 30’ target for its locally produced foods sector.
This means that by year 2030, the aim is for 30% of Singapore’s overall nutritional needs to be locally produced/sourced.
To attract businesses in working towards this ambitious target, the Singapore Food Agency introduced a SGD 60,000,000 fund on March 4th, 2021 which substitutes the previous Agriculture Productivity Fund.
The new fund will target: 
1. Technology Upscaling (including infrastructure/building costs for new/retrofitted farm premises;
2. Innovation and Test-bedding; and
3. Capability Upgrading (this will also now include funding for businesses compliance costs for the Government’s upcoming new ‘Clean & Green’ Standard.
For further information about the SFA’s Agri-Food Cluster Transformation Fund, please refer to the following link: https://www.sfa.gov.sg/food-farming/funding-schemes/act-fund

Singapore Food Agency’s Agri-Food Cluster Transformation Fund: What you need to know.

The Singapore Government has ambitions to reach a ‘30 by 30’ target for its locally produced foods sector.

This means that by year 2030, the aim is for 30% of Singapore’s overall nutritional needs to be locally produced/sourced.

To attract businesses in working towards this ambitious target, the Singapore Food Agency introduced a SGD 60,000,000 fund on March 4th, 2021 which substitutes the previous Agriculture Productivity Fund.

The new fund will target:

1. Technology Upscaling (including infrastructure/building costs for new/retrofitted farm premises;

2. Innovation and Test-bedding; and

3. Capability Upgrading (this will also now include funding for businesses compliance costs for the Government’s upcoming new ‘Clean & Green’ Standard.
For further information about the SFA’s Agri-Food Cluster Transformation Fund, please refer to the following link: www.sfa.gov.sg/food-farming/funding-schemes/act-fund
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COVID-19 Business Support Measures: Temporary Bridging Loan Programme Extended to September 30th, 2021
As declared at Singapore’s March 2021’s budget, Enterprise Singapore will be extending its Temporary Bridging Loan Programme to help businesses working capital requirements until September 30th, 2021.
The government backed loan programme will allow eligible businesses to apply for a working capital loan of up to SGD 3,000,000, which will be backed up to 70% by Enterprise Singapore.
Please visit the following link to find our more: https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/overview

COVID-19 Business Support Measures: Temporary Bridging Loan Programme Extended to September 30th, 2021

As declared at Singapore’s March 2021’s budget, Enterprise Singapore will be extending its Temporary Bridging Loan Programme to help businesses working capital requirements until September 30th, 2021.

The government backed loan programme will allow eligible businesses to apply for a working capital loan of up to SGD 3,000,000, which will be backed up to 70% by Enterprise Singapore.

Please visit the following link to find our more: www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-br...
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Upcoming Webinar: Business Valuation of Companies with Incomplete Information
Are you in the process of selling or acquiring a new company?
If you answered YES to this question then it is very likely that the following key issue will come up in the transaction: Company Valuation.
The Singapore Academy of Law will be hosting a webinar on June 17th, 2021 between 4.00 P.M. and 5:30 P.M. on the topic of company valuations.
For more information on how you can sign up for this webinar, please follow the attached link:
https://www.sal.org.sg/events/Business-Valuation-of-Non-Singapore-Companies-and-Companies-with-Incomplete-Information

Upcoming Webinar: Business Valuation of Companies with Incomplete Information

Are you in the process of selling or acquiring a new company?

If you answered YES to this question then it is very likely that the following key issue will come up in the transaction: Company Valuation.

The Singapore Academy of Law will be hosting a webinar on June 17th, 2021 between 4.00 P.M. and 5:30 P.M. on the topic of company valuations.

For more information on how you can sign up for this webinar, please follow the attached link:

www.sal.org.sg/events/Business-Valuation-of-Non-Singapore-Companies-and-Companies-with-Incomplete...
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