MICE players call for higher wage offsets
Contractors providing products and services to this sector will receive only 25% base support, not 75% wage offsets that purpose-built venue operators are eligible for
Singapore
COMPANIES in the meetings, incentive travel, conventions and exhibitions (MICE) industry have queried their exclusion from the highest tier of a key support measure in the Resilience Budget.
Under the enhanced Jobs Support Scheme in the support package announced on March 26, the operators of purpose-built MICE venues will receive 75 per cent wage offsets for the first S$4,600 of gross monthly wages for each local employee, the same as companies in the aviation and tourism industries.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin