[SINGAPORE] The Jobs Support Scheme will be further enhanced and foreign worker levies will be waived for April, as part of measures to provide businesses with more support, said Deputy Prime Minister Heng Swee Keat. Read more at The Business Times.
"Many businesses are looking at your cash flow and working out alternative arrangements over the weekend. I understand your worries," said Mr Heng, who is also finance minister.
This is up from the 8 per cent wage subsidy in the scheme announced in the Budget statement in February. The help currently will last for nine months, instead of three, up to the end of this year.On March 24, the Ministry of Manpower had announced that small- and medium-sized enterprises will get a three-month extension for paying the levy for the foreign workers they hire. This is expected to give these companies more flexibility with managing their cash flows.
Mr Heng also said legislation will be passed in Parliament on Tuesday to ensure that property tax rebates are passed on to tenants.
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