Employers to get Wage Credit Scheme payouts in March next year
SINGAPORE – Employers can look forward to the next tranche of Wage Credit Scheme (WCS) payouts in March next year. To qualify, they will have to pay the mandatory Central Provident Fund (CPF) contributions on this year’s wages for their qualifying employees to the CPF Board by Jan 14, said the Ministry of Finance and... » read more
Over $5.5b to be paid out in Jobs Support Scheme from Oct 29
SINGAPORE – Over $5.5 billion under the Jobs Support Scheme (JSS) will be paid out to more than 140,000 employers from Oct 29, to help them retain their workers amid the Covid-19 pandemic. This will help businesses pay the wages of some 1.9 million local employees, the Ministry of Finance (MOF) said on Monday (Oct... » read more