{"id":115796,"date":"2020-04-22T10:30:16","date_gmt":"2020-04-22T03:30:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/75-wage-subsidy-under-job-support-scheme-to-be-extended\/"},"modified":"2020-04-22T11:08:57","modified_gmt":"2020-04-22T04:08:57","slug":"75-wage-subsidy-under-job-support-scheme-to-be-extended","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/75-wage-subsidy-under-job-support-scheme-to-be-extended\/","title":{"rendered":"75% wage subsidy under Job Support Scheme to be extended"},"content":{"rendered":"


\nApart from that, employers will receive a levy rebate payout of $750 for each foreign worker in employment.
\nWith the \u201ccircuit breaker\u201d measures extended by four weeks, Deputy Prime Minister Heng Swee Keat announced on Tuesday (21 April) that the 75% wage subsidy for companies across all sectors will also be extended until May to help workers and businesses.
\nAimed at stemming the spread of Covid-19, the circuit breaker began on 7 April and was set to end on 4 May.
\n\u201cI\u2019ll extend the 75% wage subsidy under the Jobs Support Scheme to all sectors, for the month of May. I urge our business leaders do your best to retain your workers and make full use of the various grants for training,\u201d said Heng at a press conference held by the COVID-19 multi-ministry task force.
\nRecommended story:\u00a0Covid-19 Home Loan Deferment: What Is It, What\u2019s the Catch and How Do I Apply for It?
\nAside from the extension, the scheme will also be enhanced to include certain groups of shareholder-directors, reported CNA.
\n\u201cThese are employees of a company who are also shareholders and directors, and will miss out on both the Jobs Support Scheme, and the Self-Employed Income Relief Scheme,\u201d explained Heng.
\nThe Jobs Support Scheme sees the government co-funding the first $4,600 of gross monthly wages paid to every local employee. First unveiled in February\u2019s Budget, the scheme was further enhanced under the Resilience and Solidarity budgets.
\nMost firms would originally receive 25% of wage subsidies. Those in the food services sector would get 50%, while those in the tourism and aviation sectors receive 75%. Earlier in the month, Heng said firms across all sectors would benefit from the 75% subsidy.
\nA $4,600 monthly salary is the median wage within the city-state.
\nMeanwhile, the monthly Foreign Worker Levy, which was already waived in April, will again be waived in May. Apart from that, employers will receive a levy rebate payout of $750 for each foreign worker in employment.
\nHeng revealed that the schemes\u2019 extension and enhancements will cost $3.8 billion.
\n\u201cWe understand that the enhanced measures and circuit breaker extension will have a significant impact,\u201d he said.
\nHe urged people to keep up their spirit of solidarity, unity and resilience.
\n\u201cIn the months of April and May, this will be a test of our resilience, as individuals and as a society. We cannot be certain when the crisis will end, but what is certain is that we are here for you,\u201d said Heng.
\n\u201cAs long as we stand with one another, we will emerge from this crisis stronger.\u201d
\n\u00a0
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…75% wage subsidy under Job Support Scheme to be extended<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Apart from that, employers will receive a levy rebate payout of $750 for each foreign...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115796","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-u7G","jetpack-related-posts":[{"id":118281,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-extends-jobs-support-scheme-by-seven-months\/","url_meta":{"origin":115796,"position":0},"title":"Gov\u2019t extends Jobs Support Scheme by seven months","date":"August 18, 2020","format":false,"excerpt":"\r However, the scheme will be adjusted according to the projected recovery of various sectors, as the programme draws heavily on the country\u2019s reserve.\u00a0 Deputy Prime Minister Heng Swee Keat on Monday announced that the government will continue supporting workers by extending the wage subsidy scheme till the first quarter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fortitude-budget-eyes-to-support-workers-business\/","url_meta":{"origin":115796,"position":1},"title":"Fortitude Budget eyes to support workers, business","date":"May 27, 2020","format":false,"excerpt":"\r The $33 billion budget will provide support for workers and businesses to transform, adapt and seize new opportunities. 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