Singapore Budget's focus expected to be on manpower issues
Singapore
THE virus outbreak will put immediate attention on helping businesses retain jobs as the economy takes a hit, but the Budget is still expected to have its focus firmly on Singapore's long-term manpower needs.
Deputy Prime Minister Heng Swee Keat was always going to have his work cut out for him when it comes to manpower issues that the Budget will have to tackle, but the virus outbreak now means those issues will take centre stage.
On Sunday, he said he will announce on Tuesday's Budget Day wage support to help companies preserve jobs for local workers as Covid-19 continues to evolve rapidly.
Wage support for local workers is part of a set of …
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year