What are the possible potential opportunities right now during Covid-19?

Singapore’s Resilience Budget seeks to preserve livelihoods, provide support to workers, and save people’s jobs. It helps enterprises handle the immediate challenges that arise from the pandemic.

It also helps to reinforce both social and economic resilience to ensure that Singapore comes out of this situation stronger and uncompromised.

Using past reserve purposefully is essential for overcoming the unique and novel situation that has COVID-19 presents. Drawing on these reserves is a step duly approved by the President as a viable measure to respond to the pandemic in regards to addressing these unprecedented circumstances.

Business support measures responding to cash flow, credit, and cost include deferring income tax payments, enhancing waivers on rent with a rise from 1 month to 3 months to cater for stallholders within hawking centres that are under NEA management, expanding and boosting the temporary SME Business loan programme, and enhancing the Loan Insurance Scheme with increased subsidies for loan insurance premiums under the scheme to 80%,

Digitalisation and online marketing. Traditional brick and mortar companies whom are adverse to digital will find it tough to survive in the "new normal".

As consumers (both individual & businessess) are forced online to procure goods and services, companies whom have been steadily building up online presence and digital assets are reaping the rewards.

After pet food retail shops stopped operating during enhanced circuit breaker period, pet owners whom patronized their regular retail store will have to purchase online. If that particular store have never shifted to online ecommerce, these regular consumers purchases will now flow to others who does.

Same goes for business consumers. Demand for video conferencing and file sharing software will go up. Businesses can apply for a SME loan online without going to the bank. Google hangouts allows the entire team to meet virtually without stepping out of the house. Digital alternatives to goods and services that used to be purchased physically will see explosive growth.​​​