S$600 one-off payout for all adult Singaporeans
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ALL adult Singaporeans will receive a one-off Solidarity Payment of S$600 in cash, said Deputy Prime Minister Heng Swee Keat on Monday, even as he urged those who do not need the cash to donate it to charities or directly share it with others.
This payout is not only the largest amount given to-date, it is also unprecedented as such payouts are typically pegged to income level and type of property stayed, said Sabrina Sia, tax partner and leader of global employer services at Deloitte Singapore.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
