Bill passed to give temporary relief from contractual obligations
EVEN as a new Bill seeks to provide temporary relief from some legal obligations in light of the coronavirus outbreak, the principle of the sanctity of contracts is still important, said Minister...
Another S$5.1b to ease pressure on firms, households, and to save jobs
A SUPPLEMENTARY S$5.1 billion Solidarity Budget was announced by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Monday, to support households and businesses through the...
Government studying waiver of foreign worker levies: Josephine Teo
WORKERS in essential services and industries critical to global supply chains - including manufacturing of semiconductors, biopharmaceuticals, and petrochemicals - may still go to work, even as...
Temporary relief from contract obligations hit by Covid-19 to come
A NEW Bill in Singapore aims to grant temporary relief for six months to those who cannot fulfil contractual obligations such as rent payments or planned events because of the fallout from the...
Foreign workers can now be transferred across sectors in Singapore
FROM April 1, more firms will be able to hire foreign workers who are already in Singapore, with the expansion of a temporary Manpower Ministry (MOM) scheme to help firms better manage manpower...
Measures won't stave off recession but will contain damage: economists
THOUGH the larger-than-expected S$48.4 billion Resilience Budget will not stave off recession, it will help to contain job losses and position Singapore better for an eventual recovery, said...
S$48.4b more to fight pandemic, with up to S$17b from reserves
THE government has committed a record S$48.4 billion in a supplementary budget unveiled on Thursday to help Singapore weather the Covid-19 crisis, with in-principle support gained to draw up to S$...
MAS to flatten S$NEER slope, could re-centre: economists
WHILE economists agree that the Monetary Authority of Singapore (MAS) will almost certainly flatten the slope of the foreign exchange policy band on March 30, opinions differ on whether the band...
Core inflation negative in Feb; MAS to release policy decision on March 30
SINGAPORE'S core inflation turned negative in February for the first time in a decade, prompting economists to expect significant monetary easing, while the Monetary Authority of Singapore (MAS)...
Covid-19: Stricter measures like ban on events with over 250 people; new contact tracing app
STRICTER "safe distancing measures" are being introduced for events, public venues such as food and beverage outlets, and workplaces, to reduce the risk of further local transmissions of Covid-19...