Cash flow help and wage support useful, but SMEs still worry about jobs
Firms in the red are unlikely to dish out salary increases or benefit from corporate tax rebate, they say; businesses also await more details on relief measures
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BUSINESSES lauded moves in the Budget that will help them with their cash flow needs at this crucial juncture, but they are not certain if the Enhanced Wage Credit Scheme and corporate tax rebate will be enough to save jobs in struggling companies.
Even as financial support for workers' wages is welcomed, companies that are in the red, especially small and medium-sized enterprises (SMEs), are unlikely to dish out salary increases or benefit from the tax rebate, they pointed out.
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
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Costly renewals: Transforming an old landed house into your dream home is getting harder
