Jobs credit to be paid in June

THE second of four payments under the Jobs Credit scheme goes out at the end of this month to more than 100,000 employers who have some 1.4 million local workers on their payroll.
This tranche amounts to some $900 million.
Under the Jobs Credit scheme, the Government gives employers funds for every resident worker on their [...]

Fewer Job Cuts: Budget may save 60,000 jobs (Update)

Update:
THE bank that predicted 100,000 job losses for Singaporeans by next year has trimmed this dire forecast by more than 60 per cent.
Credit Suisse now thinks about 60,000 of these jobs can be saved, thanks to measures taken in the recent Budget.
The Swiss bank’s Singapore-based economists made headlines last month when they said 100,000 Singaporeans [...]

Budget 2009 Debate – Jobs credit plan has limits

THE Jobs Credit scheme, which is aimed at helping companies retain workers, has limitations, said West Coast GRC MP Ho Geok Choo in Parliament on Tuesday.
While it helps to keep companies afloat, it does not target firms most likely to lay off workers, she said.
Madam Ho, who called for ‘new thinking and new action’ to [...]

Budget is pro-worker says labour chief Lim Swee Say

THE $20.5 billion Resilience Package unveiled by the Government last week is more pro-worker than employees may realise for two reasons, said labour chief Lim Swee Say on Thursday.
Firstly, the Jobs Credit scheme to subsidise part of the wage bill of employers, makes Singaporeans more cost-competitive than foreign workers.
Secondly, this scheme avoids the need to [...]

Companies urged to use Budget, Spur to keep post-LNY retrenchments down

Companies have been urged to use the recently announced Budget measures and Spur training programme to keep post-Lunar New Year retrenchments down.
Prime Minister Lee Hsien Loong made this call during his visit to GlaxoSmithKline’s plant in Jurong this morning.
The chemical industries have already seen some 200 to 300 retrenchments in the month of January alone.
They [...]

[Live] Singapore Budget 2009

The Singapore Budget will be announced today at 3.30pm. It is being broadcasted live on 93.8Live FM
post your views on the 2009 budget in the comments section
Update: the budget speech can be viewed here: http://www.singaporebudget.gov.sg/speech_toc/index.html
Update:
Singapore govt to introduce S$20.5b resilience package to help country see through economic crisis:
a. 5.1b to help preserve jobs
b. 5.8b for [...]