 For years, the Ministry of Trade and Industry (MTI) has been actively championing programs that look after the needs of businesses in Singapore. Interestingly, such programs have helped spark innovations and increase productivity of many industries, and one such program is the SkillsFuture Enterprise Credit (SFEC). The SFEC encourages businesses to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing grants and funding scheme.
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