Covid-19: Heng Swee Keat to announce more support measures for households and businesses on April 6 | Malay Mail

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SINGAPORE — Deputy Prime Minister Heng Swee Keat will be announcing more support measures for households and businesses in Parliament on Monday (April 6). This will be over and above what was provided in the Budget in February and the Resilience Budget last week. Prime Minister Lee Hsien Loong...

Friday, 03 Apr 2020 06:12 PM MYT

SINGAPORE — Deputy Prime Minister Heng Swee Keat will be announcing more support measures for households and businesses in Parliament on Monday . This will be over and above what was provided in the Budget in February and the Resilience Budget last week.He also announced that starting next Tuesday, most workplaces, except for essential services and key economic sectors, will be closed.

During the Resilience Budget announced in March, DPM Heng said that landlords of properties such as hotels and malls will receive a property tax rebate of up to 100 per cent for non-residential properties for the tax payable in 2020.Apart from making passing on the tax rebates mandatory for landlords, the new law when passed will ensure that they do so in a timely manner.

Mr Lee also said that Parliament is set to pass a new temporary legislation to let businesses and individuals defer certain contractual obligations for a period, such as paying rent, repaying loans, or completing work.

 

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