Fri, 24 May 2013 04:29 AM (HKT)

MDA further primes the pump

MDA further primes the pump

By Patrick Frater

Tue, 26 June 2012, 21:42 PM (HKT)

Policy/Legal News

Singapore's Media Development Authority (MDA) is to add S$20 million ($16.2 million) to the incentive schemes it offers the media and entertainment sector. The objective is to improve the sector's productivity.

The MDA said that S$15 million ($12.2 million) of the new money will go into its 'Talent Assistance' grant scheme to upgrade skills; and a further S$5 million ($4.1 million) will go into 'Enterprise Assistance' for process improvements.

The state-backed regulator and financier last year streamlined its incentives system from 46 schemes to just five and says that a total of S$88 million ($71.3 million) has been set aside for the five schemes till 2013.