More SMEs urged to tap official productivity schemes

SINGAPORE — With only 10 per cent of food manufacturing companies making use of an official scheme designed to help them raise productivity in the past year, the government is establishing a work group to review the range of such programmes and improve the take-up rate among small and medium enterprises (SMEs) across all industries. […]

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INCREASE PRODUCTIVITY WITH THE ENHANCED SME GRANT AND REDUCE COSTS

As the business environment becomes increasingly competitive, productivity becomes key to improving your operating margin. In view of the current situation, the Singapore government has also implemented various initiatives to meet this need, one of which is the newly enhanced Productivity and Innovation Credit (PIC) scheme. The PIC scheme is a form of cash grant […]


6 Great Ways to use PIC

PIC (Productivity & Innovation Credit) is the Singapore government’s way of nudging SMEs to increase productivity. The government is basically offering tax and cash incentives to businesses to do things which they should have been doing all along anyway! Here are 6 great ways to use PIC:   1. Buy Automation Equipment: This is a direct attack on […]

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