33.4 C
Singapore
Tuesday, December 1, 2020
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

Salesforce provide grants to Singapore SMEs

American software company Salesforce has partnered with the Singapore Business Federation to provide $960,000 in cash grants to eligible businesses. This initiative is expected...

Sony’s PS5 was Launched and Sold Out Online amid COVID-19

On Thursday, Sony Corp launched its newest PlayStation 5 (PS5) console online in the hope to maintain social distancing. Due to the COVID-19 pandemic,...

Forrest Li, Founder of e-Commerce Platform Shopee named Businessman of the Year

On Tuesday (Nov 24), Mr. Forrest Li, the billionaire founder and group chief executive of tech giant company called Sea, who owns e-Commerce platform...

Nov 2020 Update: Singapore Business Outlook amid COVID-19

Despite the uncertainties brought by the COVID-19 pandemic, three-quarters of Singaporean business owners remain discouraged and optimistic, continuously looking forward to what’s ahead of...