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Financing Schemes
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The Ministry of Trade and Industry (MTI) announced that the government is enhancing its business
financing schemes to support an additional S$2.3 billion in loans to help local firms gain access to
credit in this current economic slowdown. The enhancements include increasing loan quantums,
raising government risk sharing of loan defaults and extending business financing schemes to all
local enterprises. With the enhancements, up to 124,000 local companies will be eligible to benefit
from these schemes. The enhancements will take effect from 1 December 2008.
Click here for Information on Various Financing Schemes
Click here for Summary of Business Financing Measures
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PREPARE™ Programme
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An Initiative by ASME and EDC@ASME and supported by WDA and NTUC
As part of its effort to help older workers remain economically productive, the Government will enact re-
employment legislation by 2012 to enable more people to continue working beyond the current
statutory retirement age of 62, up to 65 in the first instance and, later, up to 67.
Designed to prepare companies for the impending re-employment legislation, "PREPARE™
(Programme for Re-Employment Practices: A Roadmap for Employers)" provides guidance to
companies in implementing re-employment as an integral part of their HR system to facilitate re-
employment of older workers.
Click here for more details
Sign up now for 90% programme subsidy, for limited number of companies
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Business Advisory for all Business
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Announced by Prime Minister Mr Lee Hsien Loong on 8th March 2008, the government will commit
$12.6 million over the next three years to the five Enterprise Development Centres to provide SMEs
consultancy and advisory services.
Supported by SPRING Singapore, Entrepreneurs and Companies may now seek first-level business
advisory services from EDC@ASME at no charge.
Click here for more details
Arrange for an appointment with our executives now for your free diagnostic service
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Approved Training Organization (ATO) Status
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We are glad to inform all members that EDC@ASME has secured the Approved Training
Organisation (A.T.O.) status under the WDA Singapore Workforce Skills Qualification (WSQ) System
w.e.f. 9th may 2008 to deliver competency-based training progammes.
This effort is part of our long term goal to work with companies to raise competitiveness and
employability of our workforce by equipping employees with practical and relevant job competencies.
Click here for more details
Check out our training and development page for the quality programmes
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Tripartite Advisory on the Re-Employment of Older Workers
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Issued by Tripartite Implementation Workgroup (TIWG), the tripartite advisory on Re-Employment of
older workers contains the good practices that employers should consider to facilitate the
re-employment of older workers at their workplaces.
Click here for the Tripartite Advisory Booklet
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SME Management Action for Results (SMART) Initiative
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An initiative by SPRING Singapore, the “SMART” Initiative aims to help SMEs develop and strengthen
their management systems and processes to improve performance and enhance their
competitiveness.
The first phase is the Roadmapping phase, to develop a roadmap for the SME that addresses it
priority areas for capability development in business management. The second phase is the
Implementation and Review phase. Participating SMEs will implement initiatives as outlined in the
roadmap to introduce or improve business management systems and processes.
Click here for more details
Incentive support will be available for participating SMEs for approved projects for both phases
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