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Deeper wage offsets, foreign worker levy waivers on wish list
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The Singapore Government announced last week it was working on a second stimulus package as the global situation had worsened since the Budget was presented last month. Some analysts suggested waiving three months of foreign worker levies for the worst-hit sectors - hospitality, aviation and some tourist-sensitive retail segments.
ST PHOTO: KELVIN CHNG
Deeper wage offsets, foreign worker levy waivers for certain sectors and broader bridging loan programmes are some business measures that the Government could consider for its planned, second stimulus package to counter the fallout from the coronavirus, experts said.
Deputy Prime Minister and Finance Minister Heng Swee Keat said last Wednesday that the Government was working on a second package as the global situation had worsened since the Budget was presented last month.
