COVID-19  •  Companies news

DPM Heng's ministerial statement on Covid-19 support measures

Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Mr Heng Swee Keat, has delivered a Ministerial Statement on the Government’s further plans to continue supporting workers, businesses and protect livelihoods, in our ongoing efforts to build resilience and to emerge stronger from the COVID-19 pandemic.

The Statement was delivered via a Ministerial broadcast on Monday, 17 August 2020, at 3.30pm.

Highlights of the statement (Source)

  • S’pore’s Covid-19 situation under control but global economy remains weak
  • Govt to extend Jobs Support Scheme by up to 7 months, covering wages paid up to March 2021
  • New $1b Jobs Growth Incentive launched to help firms increase hiring of local workers over next 6 months
  • Covid-19 Support Grant extended to December 2020 to help unemployed S'poreans or those with significant income loss
  • Eligibility for Workfare Special Payment to help low-wage workers widened
  • Govt to set aside $187m to provide cost relief for aviation sector; 4,000 new temporary jobs for those in this sector
  • To boost local tourism, S'poreans will get $320m worth of SingapoRediscovers Vouchers
  • S’pore must continue to transform its economy for a post-Covid-19 world; $150 million to enhance Startup SG Founder programme
  • New support measures to cost $8b; no plans to draw on past reserves

For the full article, please visit the original article in Straits Times, 17 Aug 2020

Image source: Straits Times


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