Wage support extension expected, but recalibration sparks debate
Move could ease layoffs, but lower 50% help for worst-hit sectors seen as barely enough by some
Add BT as a preferred source
Singapore
EMPLOYERS, labour leaders and economists had expected the Job Support Scheme (JSS) to be extended but they have different views on the length and level of the renewed move to protect jobs from the Covid-19 pandemic.
Echoing the sentiments of many, OCBC's Head of Treasury Research & Strategy Selena Ling said: "The move was expected given the weak state of the Singapore economy, both in terms of intent to help protect jobs and also recalibration since the Singapore economy has exited the 'circuit breaker' restrictions, albeit not fully normalised to pre-Covid conditions."
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
