Singapore reveals new COVID-19 support package

The Fortitude Budget is the fourth measure announced this year

Singapore reveals new COVID-19 support package

Singapore’s Deputy Prime Minister today (26 May) announced the fourth support measure to combat the COVID-19 crisis.

As part of the 'Fortitude Budget', Minister Heng Swee Keat said the Jobs Support Scheme will be extended to eligible employers till August 2020.

Additionally, firms not allowed to reopen after the end of the Circuit Breaker on June 2 will be given up to 75% wage support until August or until firms are allowed to re-open – whichever is earlier.

READ MORE: MOM reveals checklist for businesses to resume operations

The foreign worker levy waiver and rebate will also be extended for up to two months. Companies in the construction, marine and offshore and process sectors will be eligible for a 100% waiver in June and 50% waiver in July. There will also be a rebate of $750 in June and $375 in July.

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