ANI
06 Apr 2020, 18:26 GMT+10
Singapore, Apr 6 (ANI): In yet another far-reaching decision, the Singapore government has decided to pay up to 75 per cent of the wages of all Singaporeans and permanent resident workers for the month of April due to economic devastation caused by COVID-19.
Deputy Prime Minister Heng Swee Keat told Parliament on Monday that workers will also receive first payout under the enhanced Jobs Support Scheme (JSS) this month, instead of next month, to help with cash flow.
It is the third set of measures to save businesses and jobs from the fallout of coronavirus pandemic, reports the Straits Times.
The wage subsidy applies to the first 4,600 Singapore dollars of wages paid this month for each of the more than 1.9 million Singaporean and permanent resident employees.
Heng said many firms cannot operate at all, or can only operate at a much-reduced level in the coming weeks due to the strict circuit breaker measures announced by Prime Minister Lee Hsien Loong last Friday.
Most workplaces, apart from those providing essential services or in key economic sectors, will be closed for about a month from Tuesday in order to break the chain of transmission of COVID-19.
But firms should still retain and pay their workers, said Heng. This will also enable them to resume operations quickly when the circuit breaker is lifted. (ANI)Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationWASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...