More Workshops, Regular Updates to Help S'pore Firms Cope With US Tariffs

Singapore will organise more workshops and conferences, and have more media updates, to help firms here understand and navigate the changing business environment amid uncertainties triggered by the sweeping tariffs recently imposed by the US.

- Timothy Goh

These initiatives are part of one of the three work streams in the new Singapore Economic Resilience Taskforce, chaired by Deputy Prime Minister Gan Kim Yong, which held its first meeting on April 16.

The work stream, titled "sensemaking and communication", will focus on regular communication between the Government, businesses and workers to share updates and assess the impact of the latest developments, as well as how current schemes and measures can be of help.

It is co-led by Minister for Digital Development and Information Josephine Teo and Singapore Business Federation (SBF) chairman Lim Ming Yan.

Mrs Teo said at a media briefing on April 16 that the work stream will regularly release communications products to inform businesses on the issues they might face.

An example she raised is Enterprise Singapore's frequently asked questions website section, which details how firms can handle the suspension of reciprocal tariffs.

"We are looking at how to make these kinds of information even easier to understand and digest," Mrs Teo said.

"We will also look to set up dashboards so that we can look at the same set of metrics that will give us a sense of what the picture looks like," she added.