More help for aviation industry, plus tourism, hotel, convention sectors
Singapore
HARD hit by the Covid-19 pandemic, aviation firms are receiving an enhanced support package and wage offsets to retain employees, which should help to address the immediate challenges facing these businesses.
Singapore's air hub, which has no domestic market to fall back on, has seen daily passenger traffic fall by over 90 per cent. A key pillar of Singapore's economy, the Changi air hub - along with adjacent industries - accounts for over 5 per cent GDP and employs some 192,000 people.
Speaking in Parliament on Thursday, Deputy Prime Minister and Finance Minister Heng Swee Keat said: "Our aviation sector has significant linkages to …
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Swedish manufacturer is latest to offer electric pleasure craft in Singapore
Mercedes says it will continue to invest in China tie-ups