33.4 C
Singapore
Friday, October 22, 2021
Home Technology Artificial Intelligence 2,700 Retail and F&B Businesses Receive $6.8 Million in Payouts for Digitalisation

2,700 Retail and F&B Businesses Receive $6.8 Million in Payouts for Digitalisation

Communications and Information Minister S. Iswaran on Friday (Nov. 6) has announced that 2,700 local businesses in the retail and food and beverage sectors have received about 6.5 million funding support from the government between August and October for their digital transformation. 

The amount was disbursed through the Digital Resilience Bonus (DRB) which provides businesses with up to $10,000 as they adopt digital solutions by 2021 June 30. This will help companies build an eCommerce website, automate human resources and payroll operations and adopt data analytics. 

Read the entire article here: https://www.straitstimes.com/tech/68-million-in-grants-given-out-to-2700-retail-and-fb-businesses-for-going-digital

Most Popular

Entrepreneur Talk – Mr. Clarence Khoh

Passion, Perseverance and Dedication - These are the top three skills Mr. Clarence Khoh of Talent-Merge Pte Ltd believes one should possess to achieve...

List of 15 NFT Use Cases That Could Go Mainstream

Non-fungible tokens or simply NFTs are here and they have gone mainstream at full speed. Just only a year ago, NFTS specifically art and...

Multimedia Messaging Service (MMS) to End After Mid-November

Multimedia messaging service (MMS) will no longer be offered by telcos in Singapore after the middle of November of this year. When this happens, ...

Singapore Deploys Robots to Deter Poor Social Behaviour

Singapore has started rolling out robots to patrol public areas with high foot traffic and deter undesirable social behaviours. For a three-week trial period...