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Singapore Budget 2014 – Why Now is the Best Time to Run Your Own Business

Companies stand only to gain from the Singapore Budget 2014. The pro-business Singapore government will be catalysing investment “for companies at various stages of growth so that they can take full advantage of growth opportunities.” The SME Co-Investment Programme (CIP) which was first launched in 2010 to enable SMEs to achieve sufficient scale and become competitive, will …

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Singapore Budget 2014 – Extension and Enhancements to the PIC Scheme

Great news for all business owners! In the Singapore Budget 2014 speech, the PIC scheme which was due to expire in Year of Assessment (YA) 2015, has been extended for another three years until YA 2018! Why is this great news? This means that businesses can increase their productivity and innovation which can help increase …

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3 More Ways to Boost Employee Productivity

In the previous post, Slow Business? Time to Improve Employee Productivity, we discussed how small and medium-sized enterprises (SMEs) can improve employee productivity with the help of the Productivity Innovation and Credit (PIC) scheme and Singapore Workforce Development Agency (WDA) WorkPro programme. Apart from utilising extra funding, there are direct ways that employers can apply …

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Slow Business? Time to Improve Employee Productivity

Small and medium-sized enterprises (SMEs) often face a dilemma. How to improve employee productivity without significant investment? Capital seems to be a key factor that gets in the way of productivity. So get it out of the way, leverage on the Productivity and Innovation Credit (PIC) scheme and Singapore Workforce Development Agency (WDA) WorkPro programme. …

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Possible Extension of PIC scheme

Major firms and institutions Singapore Chinese Chamber of Commerce and Industry (SCCCI), Ernst & Young, and Deloitte Singapore have recommended the Singapore government to refine and extend the Productivity and Innovation Credit (PIC) scheme. Introduced in 2010, the productivity and innovation credit (PIC) was implemented to encourage innovation and productivity in businesses. Read more about …

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