S$940m in wage credits to be given to employers by end-March

Singapore

BY the end of this month, S$940 million in Wage Credit Scheme (WCS) payouts will be disbursed to more than 98,000 employers here, bringing the total amount in wage credits paid out during the pandemic to over S$2 billion.

In a Facebook post on Thursday, Deputy Prime Minister and Finance Minister Heng Swee Keat wrote that uplifting workers remains "at the very centre of all that we do", as the government makes every effort to cope with the pandemic and transform the economy and businesses.