The Resilience Budget will focus on three key areas:
1. Save jobs, support workers and protect livelihoods
2. Help enterprise overcome immediate challenges
3. Strengthen economic and social resilience
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
1. Save jobs, support workers and protect livelihoods
2. Help enterprise overcome immediate challenges
3. Strengthen economic and social resilience
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
The Straits Times
Singapore Supplementary Budget 2020 live blog, News & Top Stories -
News -. Read more at straitstimes.com.
Another $48 million for the Self-Employed Person Training Support Scheme
- Extended to December 2020
- Enhance the hourly training allowance from $7.50 to $10, with effect from May 1
For lower-income workers:
- Increase the payout under Workfare Special Payment
- This group of Workfare recipients to get $3,000 each, in cash
For self-employed people:
- Direct cash assistance through new Self-Employed Person Income Relief Scheme
- Eligible self-employed persons will receive $1,000 a month for nine months
- $1.2 billion set aside for this
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
- Extended to December 2020
- Enhance the hourly training allowance from $7.50 to $10, with effect from May 1
For lower-income workers:
- Increase the payout under Workfare Special Payment
- This group of Workfare recipients to get $3,000 each, in cash
For self-employed people:
- Direct cash assistance through new Self-Employed Person Income Relief Scheme
- Eligible self-employed persons will receive $1,000 a month for nine months
- $1.2 billion set aside for this
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
The Straits Times
Singapore Supplementary Budget 2020 live blog, News & Top Stories -
News -. Read more at straitstimes.com.
SGUnited Traineeships are to be launched for first-time jobseekers to help them develop skills and boost their employability.
Workforce Singapore (WSG) will co-share manpower costs with enterprises offering traineeships.
WSG is looking to support 8,000 traineeships in 2020, which includes science and technology traineeships in R&D labs and deep-tech start-ups.
https://www.channelnewsasia.com/news/singapore/covid19-coronavirus-stimulus-budget-heng-swee-keat-parliament-12571140
Workforce Singapore (WSG) will co-share manpower costs with enterprises offering traineeships.
WSG is looking to support 8,000 traineeships in 2020, which includes science and technology traineeships in R&D labs and deep-tech start-ups.
https://www.channelnewsasia.com/news/singapore/covid19-coronavirus-stimulus-budget-heng-swee-keat-parliament-12571140
CNA
Highlights: DPM Heng Swee Keat delivers statement on COVID-19 stimulus package
SINGAPORE: Deputy Prime Minister and Finance Minister Heng Swee Keat delivered a ministerial statement on Thursday afternoon (Mar 26) on the Government’s additional support measures for businesses and households in response to the COVID-19 pandemic.This second…
All adult Singaporeans to receive $300-$900 cash in Care and Support Package, up from earlier announced $100-$300.
Each Singaporean parent with at least one young child to receive $300, up from $100 announced in Budget 2020.
Each Singaporean parent with at least one young child to receive $300, up from $100 announced in Budget 2020.
COVID-19 Budget: Government fees and charges frozen for one year, late payment charges on HDB mortgage arrears suspended for 3 months.
No property tax for commercial properties badly hit by the outbreak, landlords urged to pass on rebate to tenants by reducing rentals.
No property tax for commercial properties badly hit by the outbreak, landlords urged to pass on rebate to tenants by reducing rentals.
Support for aviation sector
1. Enhanced Jobs Support Scheme to help businesses whose activities are based principally in the aviation sector retain their local workers.
For every local worker in employment, he will provide a total of 75 per cent wage offset for the first $4,600 of monthly wages.
Mr Heng says this will be paid in the same months as the main Jobs Support Scheme pay-outs. This enhancement will cost the Government more than $400 million.
2. $350 million enhanced aviation support package to fund measures such as rebates on landing and parking charges, and rental relief for airlines, ground handlers and cargo agents.
He says this will also allow Singapore to retain a minimum level of connectivity to the world during the pandemic, and will enable overseas Singaporeans to return home and keep the country's supply lines for essential goods open.
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
1. Enhanced Jobs Support Scheme to help businesses whose activities are based principally in the aviation sector retain their local workers.
For every local worker in employment, he will provide a total of 75 per cent wage offset for the first $4,600 of monthly wages.
Mr Heng says this will be paid in the same months as the main Jobs Support Scheme pay-outs. This enhancement will cost the Government more than $400 million.
2. $350 million enhanced aviation support package to fund measures such as rebates on landing and parking charges, and rental relief for airlines, ground handlers and cargo agents.
He says this will also allow Singapore to retain a minimum level of connectivity to the world during the pandemic, and will enable overseas Singaporeans to return home and keep the country's supply lines for essential goods open.
https://www.straitstimes.com/singapore-supplementary-budget-2020-live-blog
The Straits Times
Singapore Supplementary Budget 2020 live blog, News & Top Stories -
News -. Read more at straitstimes.com.
[COVID-19 Budget] Sectors that involve high level of human interaction
1. Enhanced Jobs Support Scheme for F&B firms, providing a total of 50 per cent wage offset for the first $4,600 of monthly wages.
2. Taxi and private-hire car (PHC) drivers have seen their takings fall significantly, so the Government will extend and enhance the Point-to-Point Support Package. This will cost the Government another $95 million.
DPM Heng says eligible taxi hirers and PHC drivers will continue to receive the Special Relief Fund payments of $300 per vehicle per month until end-September.
3. To help private bus owners, he will provide them with a one-year road tax rebate and a six-month waiver of parking charges at government-managed parking facilities. This will cost the Government $23 million.
1. Enhanced Jobs Support Scheme for F&B firms, providing a total of 50 per cent wage offset for the first $4,600 of monthly wages.
2. Taxi and private-hire car (PHC) drivers have seen their takings fall significantly, so the Government will extend and enhance the Point-to-Point Support Package. This will cost the Government another $95 million.
DPM Heng says eligible taxi hirers and PHC drivers will continue to receive the Special Relief Fund payments of $300 per vehicle per month until end-September.
3. To help private bus owners, he will provide them with a one-year road tax rebate and a six-month waiver of parking charges at government-managed parking facilities. This will cost the Government $23 million.
[COVID-19 Budget]
There will be an additional $55 million support package for the arts and culture sector to save jobs and support upskilling and digitalisation of the sector.
There will be an additional $55 million support package for the arts and culture sector to save jobs and support upskilling and digitalisation of the sector.
COVID-19 has shown the need for resilient supplies of food and essential items. Mr Heng says he will set aside S$1.9 billion to build resilience in the economy and society.
Singapore will:
- Continue to invest in long-term capabilities for growth
- Build up national stockpile of health supplies, including masks and sanitisers
- Strengthen food resilience: aiming to produce 30 per cent of our nutritional needs by 2030
Singapore will:
- Continue to invest in long-term capabilities for growth
- Build up national stockpile of health supplies, including masks and sanitisers
- Strengthen food resilience: aiming to produce 30 per cent of our nutritional needs by 2030