Authorities units apart $320 million to cowl additional extension of overseas employee levy rebates

Government sets aside $320 million to cover further extension of foreign worker levy rebates

SINGAPORE – Corporations within the building, marine shipyard and course of sectors badly hit by the coronavirus disaster will get assist to defray a few of their labour prices.

The Ministry of Manpower (MOM) on Saturday (Aug 1) mentioned that it will be extending the waiver of overseas employee levies and giving out extra rebates.

For the newest extension of the assist bundle, $320 million will likely be put aside to cowl the overseas employee levy rebates, the MOM mentioned in an announcement.

This elevated assist is along with the $1.36 billion Building Help Package deal earlier introduced on June 27.

This comes as the vast majority of the 15,000 companies within the sectors proceed to face monetary difficulties, as they’re unable to renew work because of the Covid-19 measures, mentioned the MOM.

The ministry added that this example is prone to persist till the overseas employee dormitories are absolutely cleared this month and staff are progressively allowed to renew work.

At the moment, as a part of the Fortitude Funds, all companies within the sectors acquired a full waiver of overseas employee levies due in June, and a 50 per cent waiver for levies due in July.

However now, with the extension of assist schemes, the companies will get a full waiver for the levies due in July, August and September.

This assist will likely be tapered down because the companies within the sector restart and the tempo of actions picks up, with the levies waiver stepped all the way down to 75 per cent for October, 50 per cent for November and 25 per cent for December.

Below the Fortitude Funds, the companies had additionally been given rebates on levies for every work allow or S Go holder at $750 in June and $375 in July.

Along with this, the $375 rebate will likely be prolonged for one more two months to August and September.

It will change the present $90 rebate for every work allow holder for August and September to assist the companies alter to protected administration measures, that was introduced by the Authorities on June 27.

However the companies will proceed to obtain a $90 rebate for October, till December 2021.

Saying these extra measures on Saturday in a Fb submit, Manpower Minister Josephine Teo acknowledged that it had been a difficult time for companies within the building, marine shipyard and course of sectors, with lots of their overseas staff unable to work because the Authorities tackled the outbreak in overseas employee dormitories and ramped up testing among the many staff.

“Money stream is a significant concern, particularly since fee is tied to completion milestones and companies nonetheless have excessive overheads. The state of affairs on the bottom has been altering quickly and companies have needed to alter to the various completely different pressing advisories issued by MOM and the remainder of authorities,” she mentioned including that her ministry has taken on board suggestions from the trade associations and employers.

The MOM had acquired suggestions from the Singapore Contractors Affiliation Restricted, Affiliation of Singapore Marine Industries, and the Affiliation of Course of Business.

The multi-ministry activity power combating the Covid-19 outbreak has mentioned that each one migrant employee dormitories will likely be cleared of the virus in August.

Mrs Teo famous that the Authorities had been working onerous to finish the clearance of the dormitories and likewise implement measures in order that work can resume safely on work websites.

She added that it will take a while for the state of affairs to totally stabilise.

“A lot as we wish to pace issues up, now we have to make sure we do a radical job, in order that the sector will not be affected by one other outbreak,” she mentioned.

“The Authorities stays dedicated to serving to the sector as greatest as we will, throughout the limits of our sources,” Mrs Teo added.

“As we work in direction of establishing protected residing and dealing situations for a point of normalcy to return, there have been challenges and setbacks alongside the best way. It has been an unlimited activity for our officers on the varied companies, however these have been unprecedented occasions, and we’re all adapting and doing our greatest because the state of affairs evolves. We welcome any suggestions and can proceed to work carefully with sector leaders for a stronger tomorrow.”

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