Coronavirus: Solidarity Budget is fiscal equivalent of a CPR for economy

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The world economy, like it or not, is experiencing cardiac arrest from the scourge of Covid-19.. Read more at straitstimes.com.

75 per cent of their local employees' wages subsidisedThe monthly foreign worker levy due this month will be waived. There will also be a foreign worker levy rebate of $750 for each work permit or S pass holder.

The pandemic is evolving by the day. Much remains unknown about the disease's trajectory, or the full repercussions of containment measures applied around the world. A measured approach now is therefore appropriate. But as the months - even years - drag on, can the public service bear the administrative load of assessing individual cases on a needs basis?

 

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