SACEOS members advised to check their eligibility.
Singapore’s Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance Heng Swee Keat has outlined a SGD11 billion job support plan to continue to tackle immediate challenges in the country.
This year’s fiscal plan, known as the ‘Budget 2021: Emerging Stronger Together’, sets out under the ‘COVID-19 Resilience Package’ for public health and safe re-opening measures as well as to support workers and businesses:
- SGD700 million to support Extension of Jobs Support Scheme (JSS)
- For firms in Tier 1 sectors – aviation, aerospace, and tourism: 30 per cent support for Apr to Jun’21 wages, followed by a 10 percent support for Jul to Sep’21 wages.
- For firms in Tier 2 sectors – retail (exclude supermarkets), arts and culture, food services, and built environment: 10 per cent support for Apr to Jun’21 wages.
Under this extension of JSS, SACEOS members who have qualified under Tier 1, Tier 2 during the previous budgets should see their status extended.
Heng Swee Keat, Singapore’s Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance
Members can check their firm’s eligibility status here. To read more on the JSS extension, visit IRAS website.
- Continuation of first tranche of SGUnited Jobs and Skills Package into FY21.
- Continued credit access via Temporary Bridging Loan Programme and Enhanced Financing Scheme – Trade Loan till 30 Sep’21.
- COVID-19 Recovery Grant to help workers and self-employed persons.
- Up to SGD700 per month for three months for employees who have lost their jobs or are placed on involuntary no-pay leave for at least 3 consecutive months.
- Up to SGD500 per month for 3 months for employees and self-employed persons who are facing income loss.
Together with the past year’s Budgets and the COVID-19 Resilience Package, the Mr Heng says the focus is on preservation and adaptation – to safeguard lives, jobs, supply chains and core economic capabilities.
Aloysius Arlando, President, SACEOS
Aloysius Arlando, President at SACEOS encourages members to build and adapt to new capabilities and find new ways to work together effectively within and across industries, and beyond our shores.
“These are testing times. As we cope with the challenges and adapt to the new, therein still lie opportunities for us to do things differently and collaboratively for the betterment of our businesses and people.
“We encourage SACEOS members to not waste this lull period; work on hybrid event models, build up future-work-ready capabilities as outlined in the Event Industry Resilience Roadmap (IRR), adopt the certified practice to construct, conduct under the Safe Event Framework, and apply these permitted event parameters to test out business models, partnerships in pilot events.
“SACEOS will continue to work with the industry and government agencies and forge our strong recovery to emerge stronger together.”
Article hero photo by Peter Nguyen on Unsplash