
Looking At The Four Gov’t Budgets Through The Eyes Of S’pore Business Owners
Through the eyes of our local firms, how well do the Government’s support packages deliver meaningful relief in their time of need?
Through the eyes of our local firms, how well do the Government’s support packages deliver meaningful relief in their time of need?
Since the onset of the COVID-19 virus, the travel industry globally has been hit by one of the biggest shock in history.
More than one-third of the $48 billion Resilience Budget is dedicated to saving jobs, supporting workers and protecting livelihoods of Singapore workers.
An additional $95 million is set aside to provide Singapore taxi and private-hire drivers with a relief of $300 per vehicle per month until end-September.
To help businesses overcome immediate challenges in the COVID-19 pandemic, income tax will be immediately deferred for three months.
Minister Heng announced the launch of a new SGUnited Traineeship programme to provide young Singaporeans with opportunities to gain valuable work experience.
The Government will increase its wage co-funding from 8% to up to 75% to keep Singaporean workers employed amid the COVID-19 pandemic.
Self-employed person includes freelancers, taxi drivers, media and video freelancers.
In total, Singapore is dedicating close to S$55 billion, or 11 per cent of our GDP, to "support our people in this battle."