Singapore’s return to Phase 2 Heightened Alert (P2HA) has affected many segments of the economy, especially those in the F&B, arts, and fitness industries.
Finance Minister Lawrence Wong has since promised to provide support for businesses and staff affected.
On Friday (23 Jul), the Ministry of Finance (MOF) laid out a series of support measures to help workers and businesses severely impacted by the P2HA measures.
The support package will amount to about $1.1 billion, which will fund the enhanced Jobs Support Scheme (JSS) providing up to 60% wage support for businesses in the hardest-hit sectors.
In a press release on Friday (23 Jul), MOF shared that it will be extending support to those affected by the P2HA tightened measures.
JSS, a form of wage support to help employers retain workers, will be raised to 60% for businesses in 5 sectors:
Businesses from these sectors will receive the most support as they are reportedly required to suspend most, if not all, of their operations.
JSS will be enhanced to 40% for firms in other sectors that are affected, albeit not as severely as those above. These include:
The JSS rates throughout P2HA are a significant raise from the rates extended for the previous period, and similar to that during the earlier round of P2HA in May.
With dining-in suspended for a month, hawkers and other F&B establishments are likely to see a drop in their business.
To ease their woes, the Government will be distributing $500 to owners of cooked food and market stall in centres run by NEA or other operators appointed by the agency.
This is part of the new Market and Hawker Relief Fund which NEA will share more information on soon.
Taxi and private-hire vehicle (PHV) drivers are likely to be affected by the P2HA measures given the expected drop in footfall.
To help these drivers, the Government will be providing an extra $10/day from 22 Jul to 31 Aug, and an additional $5/day in September.
This is on top of the amount drivers receive as part of the Covid-19 Driver Relief Fund (CDRF).
Drivers receive $10/vehicle/day for 60 days from Jul 2021 and $5/vehicle/day for the subsequent 30 days under this scheme.
Affected workers will also receive special payouts as part of the Covid-19 Recovery Grant – Temporary scheme.
Those who are placed on involuntary no-pay leave will receive funds of up to $700.
On the other hand, those whose income has dropped by at least 50% for a month due to the restrictions will receive a payout of up to $500.
You can find out about the other forms of relief that are part of the support package here.
Singapore’s return to P2HA isn’t just a direct blow to our morale but also to our livelihoods.
We are grateful that the Government is providing help to those badly affected and hope they are sufficient to tide them through these tough times.
Hopefully, the tightened measures will prove effective so we can return to our normal lives soon.
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted by MS News.
The promotions kick off on 4 and 5 May at Hougang Rivercourt, with dates for…
He lived alone in his flat.
The new coffee-with-anything trend has taken China by storm.
The temple that the staute is situated in remains closed due to safety reasons.
The girl's mother left her alone in the apartment to go pick up another child…
Some even climbed the nearby clinic's roof just to snap a picture.