All adult Singaporeans will each receive S$600 in cash assistance starting the middle of this month as part of the third round of COVID-19 financial relief announced by Finance Minister Heng Swee Keat today.
The “Solidary Budget,” worth S$5.1 billion, also comprises enhanced financial relief for businesses and the self-employed. Each Singaporean has to be at least 21 years old to be eligible for the cash assistance.
— MOFsg (@MOFsg) April 6, 2020
Here are other highlights from the latest COVID-19 relief package:
- Companies to receive 75 percent wage subsidy in April for the first S$4,600 of each local employee’s wages
- Government to waive foreign worker levies due in April
- Companies to get S$750 rebate for each employee holding a work permit or an S-pass
- Hawker stall holders operated by the National Environment Agency to enjoy three months of rental waivers, others to receive two months’ waiver
- Income relief for self-employed persons to be extended to those who also have earnings from employed work and own private properties
- All adult Singaporeans to receive one-time payment of S$600 from mid-April
Singapore on March 26 announced a S$48 billion “Resilience” budget, which was seven times more than the first package of relief funds worth S$6.4 billion.