Page 2 - Capability Transfer Programme News Today

It goes without saying that Covid-19 took with it not just lives, but an increasing number of livelihoods as well. Unemployment and retrenchments have grown since the pandemic hit. These days, it’s not uncommon to hear of someone who remains unemployed — even after looking for months. Under the rallying call of Emerging Stronger Together, the Budget 2021 announcement by...

Published: 17 February 2021 A S$700mn extension to the Jobs Support Scheme, deeper investments in businesses, and more - these are some of the things HR, employers and employees can look forward to in the next few years, as part of Singapores Budget 2021 initiatives. Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance Heng Swee Keat delivered his #SGBudget2021 speech in Parliament on Tuesday (16 February), putting forth a slew of measures to be ...

Budget 2021: S Pass quota for manufacturing sector to be cut to 15% from 2023 Toggle share menu Advertisement Budget 2021: S Pass quota for manufacturing sector to be cut to 15% from 2023 “The way forward is neither to have few or no foreign workers, nor to have a big inflow,” said Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 16) during Budget 2021, where he added the Wage Credit Scheme for locals will also be extended. 2 ...

This quota will be further cut to 15% from January 1, 2023, said Mr. Heng, who is also the Finance Minister. It is currently 20%.

The move is part of the Government's efforts to moderate Singapore's reliance on foreign labour where it must.. Read more at straitstimes.com.

The manufacturing sector employs about 450,000 workers, or about 12 per cent of the workforce, with median wages about 10 per cent higher than the economy-wide median.