DBS to offer S$10 million cashback redemptions at supermarkets, hawker centres to help with cost pressures

This is part of a series of measures announced at a community event that was graced on Saturday by Acting Transport Minister and Senior Minister of State for Finance Jeffrey Siow, as well as Member of Parliament for Choa Chu Kang GRC Choo Pei Ling.

SUPPORT FOR SMES

DBS also said that from Saturday, small and medium enterprises (SMEs) will receive advisory and training support tailored to their level of AI readiness, through the bank’s enhanced Spark GenAI programme.

The programme includes complimentary workshops by the Infocomm Media Development Authority (IMDA).

The businesses will also gain access to a wider pool of solution providers through IMDA’s Open Innovation Platform, which connects SMEs to a global network of over 16,000 solution providers, said DBS.

DBS also rolled out an “Implementing AI for Impact” playbook that it said provides an “accessible introduction” to AI to help SMEs adopt the technology “more confidently while fortifying their business resilience”.

Speaking at the community event, Mr Siow said: “In Singapore, we all pull together to help one another – government, businesses and society. This is how we deal with troubles and crises together.

“This way, we always make sure that no Singaporean is left to bear the burden alone.”