The Business Times
business-time-50
SUBSCRIBERS

S$370m in excess JSS payouts wrongly credited to 5,400 businesses last Oct

google-preferred-sourceAdd BT as a preferred source
Janice Heng

Janice Heng

Published Thu, Apr 8, 2021 · 09:50 PM
    Erroneous payouts

    Singapore

    PROCESSING errors caused S$370 million in excess Jobs Support Scheme (JSS) payouts to be credited to 5,400 businesses last October, the Ministry of Trade and Industry (MTI), Ministry of Finance (MOF), and Ministry of Manpower (MOM) said in a joint media statement on Thursday.

    Such errors also resulted in S$1.2 million in excess foreign worker levy waivers and rebates being granted to 360 businesses in June and July.

    Covid-19

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More