Home / 2021 / Singapore Budget 2021: Top 5 Things Business Owners Need To Know Singapore budget - 22/02/2021 Subscribe to free incorporation insights Considering moving or expanding your business to Singapore? Sign up to receive useful guides to help you make the right choices for you and your business. Subscribe now Singapore Budget 2021: Top 5 Things Business Owners Need To Know Singapore has experienced its worst recession since independence where the global battle against COVID-19 remains far from over.
The theme for the Budget 2021 was around Emerging Stronger Together, with measures to help families, workers and businesses weather the COVID-19 crisis in the immediate term, with measures to accelerate structural adaptations for the long term.
The New Paper
TNP ILLUSTRATION: CHNG CHOON HIONG
The main points in Singapore s recovery plan from the Covid-19 crisis
1 BOOSTING COVID-19 DEFENCES
An $11 billion Covid-19 Resilience Package will focus on immediate and ongoing recovery efforts to tackle the pandemic.
Of this sum, $4.8 billion goes towards public health and safe reopening measures, including testing, clinical management and contact tracing, and vaccination for everyone living in Singapore.
Another $700 million goes to extending the Jobs Support Scheme to help firms retain workers, but support will gradually taper off. The hardest-hit sectors, such as aviation and tourism that now get 50 per cent wage support, will see this lowered to 30 per cent for April to June, and 10 per cent for July to September. Sectors like food services and retail, currently getting 30 per cent support, will see this reduced to 10 per cent for April to June.
SINGAPORE (The Straits Times/ANN): A range of initiatives, including vouchers for families and extended wage subsidies for sectors hardest hit by the Covid-19 pandemic, were announced by Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 16).
Aviation sector to get $870m in additional support, extended cost relief straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
The Straits Times
Nafa partners top UK arts, design university to offer more courses
Nanyang Academy of Fine Arts (Nafa) graduate Chen Jiaqi (left) talking to Deputy Prime Minister Heng Swee Keat about his work, a jewellery collection, at the launch of the partnership yesterday. Mr Heng is flanked by Nafa president Tan-Soh Wai Lan (second from left) and chairman Low Sin Leng. ST PHOTO: ALPHONSUS CHERN
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