MAS to give $88m in grants to Singapore fintech industry
MAS offers grants to fintech firms in bid to help them survive coronavirus shock
The Monetary Authority of Singapore (MAS) has launched a S$125 million (US$88 million) package to help fintech firms weather the economic slump, as the city state’s growth is expected to shrink by 8.5% this year.
The contraction is steeper than previous projections, after Singapore extended partial lockdown by four weeks to June 1 against the backdrop of a sharp rise in Covid-19 cases.
There are two schemes in the grant – S$90 million to support workforce training and manpower costs and S$35
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