All firms to get 75% wage subsidy for local employees in April to help tide over coronavirus crisis: DPM Heng
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SINGAPORE - Firms in all sectors will have 75 per cent of their local employees' wages subsidised for the month of April, said Deputy Prime Minister Heng Swee Keat on Monday (April 6). They will also receive the first payout under the enhanced Jobs Support SAll firms to get 75% wage subsidy for local employees in April to help tide over coronavirus crisis: DPM Heng
SINGAPORE - Firms in all sectors will have 75 per cent of their local employees' wages subsidised for the month of April, said Deputy Prime Minister Heng Swee Keat on Monday (April 6). They will also receive the first payout under the enhanced Jobs Support Scheme (JSS) this month, instead of next month (May), he told Parliament in announcing a third set of measures to save businesses and jobs from the fallout of the coronavirus pandemic. The wage subsidy applies to the first $4,600 of wages paid this month for each of the more than 1.9 million Singaporean and permanent resident employees. Mr Heng said this enhanced payout will also be brought forward from May to April to help businesses with their cash flow. The scheme - first announced during the Budget in February - was enhanced in the Supplementary Budget in March to provide a subsidy of 25 per cent of the wages of all local employees, with higher subsidies of 50 per cent for those in food services and 75 per cent for those in tourism and aviation. The payouts were to be in three tranches in May, July and October, with the monthly wage cap raised from $3,600 to $4,6000. Read more