SINGAPORE: British bank Barclays and German pharmaceutical company Boehringer Ingelheim are among the businesses that have returned or donated the ...
SINGAPORE: British bank Barclays and German pharmaceutical company Boehringer Ingelheim are among the businesses that have returned or donated the Jobs Support Scheme payouts.AdvertisementAnother 29 firms that received the funds for April have pledged to decline future payouts from the Government.during the Budget statement in February, had been enhanced in subsequent budgets to help firms retain their workers as businesses take a hit from the impact of COVID-19.
“Despite the macroeconomic downturn caused by the COVID-19 situation, the bank’s position remains robust,” Mr Bagary said, citing its strong corporate and investment bank business. Boehringer Ingelheim donated S$500,000 of its payouts to five organisations: The Migrant Workers Fund; Sayang Sayang Fund; Invictus Fund; SG Red Cross and the Society for the Prevention of Cruelty to Animals .
Medicine orders have recently gone up as some customers request “additional quantities to ensure uninterrupted supply during these uncertain times”. In a Facebook post on Sunday, Finance Minister Heng Swee Keat lauded such companies for their"sense of responsibility and shared community". Mr Heng also said he hopes companies will also show recognition and appreciation for workers who have stepped up during the"circuit breaker" period.
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