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Budget 2020: S$2.4b to help firms defray wage costs

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For every local worker in employment, the government will offset 8% of wages, up to a monthly cap of S$3,600, for three months.

THE government will help companies defray their wage costs through two schemes under a S$4 billion Stabilisation and Support Package unveiled by Deputy Prime Minister and Finance Minister Heng Swee Keat in his Budget speech on Tuesday.

One new measure is the S$1.3 billion Jobs Support...

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