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

SINGAPORE - Firms in the construction, marine shipyard and process sectors badly hit by the coronavirus crisis will get help to defray some of their labour costs.

This increased support is in addition to the $1.36 billion Construction Support Package earlier announced on June 27. Currently, as part of the Fortitude Budget, all firms in the sectors received a a full waiver of foreign worker levies due in June, and a 50 per cent waiver for levies due in July. Under the Fortitude Budget, the firms had also been given rebates on levies for each work permit or S Pass holder at $750 in June and $375 in July.

"Cashflow is a major concern, especially since payment is tied to completion milestones and firms still have high overheads. The situation on the ground has been changing rapidly and firms have had to adjust to the many different urgent advisories issued by MOM and the rest of government," she said adding that her ministry has taken on board feedback from the industry associations and employers.

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