Insight

ST rates S'pore's response to Covid-19: Providing financial relief and liquidity for firms

A rental relief framework was set out under the Covid-19 (Temporary Measures) Act to help SMEs affected by the pandemic. ST PHOTO: LIM YAOHUI
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SINGAPORE - As businesses saw their operations disrupted and halted during the pandemic, the slew of measures introduced to provide financial relief and liquidity for businesses came in handy.

This included a myriad of financing schemes to ensure credit access despite the uncertainty, loan moratoriums and legislation to provide relief for contracts and those facing financial distress.

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