MOM unveils more measures to help firms cope with Covid-19
Claudia Tan HS
Singapore
THE Ministry of Manpower (MOM) announced on Tuesday a series of new measures to help cushion the impact of the Covid-19 outbreak on companies. These include a three-month extension of the levy payment timeline for small and medium-sized enterprises (SMEs), a levy waiver for up to 90 days for foreign workers on overseas leave and a Man-Year Entitlement (MYE) refund for construction firms affected by disruptions arising from Covid-19.
In addition, firms with excess manpower are "urged to prioritise locals to be retained in their jobs", MOM said in a press statement. Firms with excess manpower should also give consent for their existing foreign workers to be transferred to other employers in the same sector who are facing labour shortages.
TRENDING NOW
Mooted COE changes will solve category issues, but higher premiums likely: observers
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Cliff Tan has 7 million followers and a 4-month waitlist. Why won’t he expand his business?
