SINGAPORE (BLOOMBERG) - Singapore expats are often envied for their generous pay packets but facing the prospect of salary cuts as the coronavirus batters businesses, some are tightening their belts and asking for lower rent.. Read more at straitstimes.com.
SINGAPORE - Singapore expats are often envied for their generous pay packets but facing the prospect of salary cuts as the coronavirus batters businesses, some are tightening their belts and asking for lower rent.
The executive, in her 30s, is leasing a one-bedroom apartment at Tanjong Pagar, near Singapore's financial district, for $3,400 a month. She was granted a rent reduction of $250 a month, or around 7 per cent. While the government has unveiled a range of support measures, most are aimed at Singapore citizens. More than $7 billion was paid out to employers in April to co-fund the wages of over 1.9 million local workers, Manpower Minister Josephine Teo said earlier this week. Some levy waivers and rebates have also been provided to help firms meet their obligations to foreign employees.
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