Supporting Businesses through COVID-19

Support measures to ease cashflow constraints and assist businesses.

Overview

MAS, together with the Association of Banks in Singapore and Finance Houses Association of Singapore, announced an extension of the existing industry-wide support measures for Small and Medium-sized Enterprises (SMEs) in Tier 1 and 2 sectors that continue to face financial difficulties due to the COVID-19 pandemic.

Support for SMEs

Managing cashflow, staying insured and supporting implementation of COVID-19 Act to offer temporary protection.

Support for Listed Issuers

Guidance and checklist of conducting general meetings, extension of time to hold AGMs, enhanced share issue limit for mainboard issuers and option to electronically disseminate offer documents.

Support for REITs

Measures to provide real estate investment trusts listed on S-REITs with greater flexibility to manage their cashflows and raise funds.

Frequently Asked Questions

Read the FAQs on the measures introduced by MAS and the financial industry to help SMEs and corporates affected by the COVID-19 pandemic.

Infographics

Date Title
24 Jun 21 Extended Credit Relief Support Measures for SMEs (585.9 KB) 
5 Oct 20 Extended Credit Relief Support Measures for SMEs (584.7 KB)
30 Apr 20 MAS and financial industry second support package for individuals and SMEs (261.7 KB)
31 Mar 20 MAS and Financial Industry Support Measures (551.1 KB)

Related News

Date Title
29 Jun 21 Further Extension of Temporary Measure to Allow for Electronic Dissemination of Rights Issue and Take-over Documents 
24 Jun 21 MAS and Financial Industry Further Extend Support Measures for Individuals and SMEs in Tier 1 and 2 Sectors 
12 Oct 20 MAS extends facility to support lending by banks and finance companies to SMEs 
5 Oct 20 MAS and Financial Industry Extend Support for Individuals and SMEs who Need More Time to Resume Loan Repayments
29 Sep 20 Electronic Dissemination of Rights Issue and Take-over Documents Extended to 30 June 2021 
3 Jun 20
 Additional Loan and Cashflow Support for Landlords and Businesses Affected by COVID-19
6 May 20 Electronic Dissemination of Rights Issue and Take-over Documents Allowed Until 30 September 2020
30 Apr 20 MAS and Financial Industry Provide Additional Support for Individuals
20 Apr 20
 New Facility at interest rate of 0.1% to help banks and finance companies lower cost of loans to SMEs
17 Apr 20
 MAS Urges Customers to Minimise Visits to Premises of Financial Institutions
16 Apr 20
 New Measures to Help REITs Navigate Operating Challenges Posed by COVID-19
13 Apr 20
Additional Guidance on the Conduct of General Meetings During Elevated Safe Distancing Period
7 Apr 20
 MAS Clarifies Loan-to-Value and Total Debt Servicing Ratio Rules for Residential Mortgages and Mortgage Equity Withdrawal Loans
3 Apr 20 Financial Services Remain Open and Available
1 Apr 20 Comments by MAS on Covid-19 (Temporary Measures) Bill
31 Mar 20 MAS and Financial Industry to Support Individuals and SMEs Affected by the COVID-19 Pandemic
31 Mar 20
 ACRA, MAS and SGX RegCo Update Guidance on General Meetings
25 Mar 20 Guidance on Safe Distancing Measures for Issuers when Conducting Meetings

Enquiries

If you have further queries on MAS’ and the financial industry’s support measures, please email webmaster@mas.gov.sg .