Following last Friday’s public address by Prime Minister Lee Hsien Loong, today Deputy Prime Minister Heng Swee Keat delivers the Solidarity Budget with enhancements to Jobs Support Scheme and Self-Employed Persons Income Relief Scheme.
Key highlights:
All adult Singaporeans to receive one-off $600 Solidarity Payment in April
All firms to get 75% wage subsidy for local employees in April
Government to increase risk share on loans to 90% to ensure credit access for firms
Third tranche of measures will cost $5.1 billion, require additional $4 billion drawdown on reserves
Did you miss the last article covering the ‘circuit breaker’?
Singapore ‘circuit breaker’ mode – How does this affect businesses?
In this article we cover some of the businesses that are booming amid the COVID-19 crisis.
Read more: https://staging3.sgbusinesstalk.com/singapore-circuit-breaker-mode-how-does-this-affect-businesses/
What’s Next for SGBusinessTalk?
In the coming articles, we will be covering systems and tools recommended for work from home.
If you have any questions about work from home or the budget, leave a comment below and we will try to help as much as possible.
