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Singapore: Employers urged to use Jobs Support Scheme payout to continue paying salaries during Covid-19 circuit breaker

SINGAPORE – Employers are strongly urged not to resort to retrenchment or prolonged no-pay leave to manage business costs during the circuit breaker month, said the Ministry of Manpower (MOM) in an advisory this week on salary and leave arrangements. They should tap the enhanced Jobs Support Scheme payout for April to pay local workers their salaries. “This will […]

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Singapore: MAS launches S$125m support package for financial institutions and fintech firms

THE Monetary Authority of Singapore (MAS) on Wednesday rolled out a S$125 million support package to help financial institutions and fintech firms amid the current economic slump. Funded by the Financial Sector Development Fund, about S$90 million will go towards supporting workforce training and manpower costs, and the remaining S$35 million, towards strengthening digitalisation and […]

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