S$1.1 billion support package for workers, businesses hit by Phase 2 (Heightened Alert) restrictions
SINGAPORE: The Regime will provide a S$ane.1 billion support package to help workers and businesses affected by Singapore'due south render to Phase 2 (Heightened Alarm) restrictions.
The package includes wage subsidies under an enhanced Jobs Support Scheme (JSS) for affected sectors, rental relief for commercial properties, as well as a new relief fund for market and hawker centre stallholders.
The food delivery booster package and the e-commerce booster bundle volition exist extended, said the Ministry of Finance (MOF) on Th (Jul 23).
For taxi and private-hire car drivers, the COVID-nineteen driver relief fund will exist enhanced.
READ: Additional S$30 meg in support for taxi, private-rent drivers: LTA
To assist workers afflicted past the tighter measures, the COVID-19 Recovery Grant – Temporary will exist extended until Aug 31.
"The back up parcel is expected to toll Due south$ane.1 billion and will exist funded by reallocation arising from one-off underutilisation due to COVID-19, and fiscal resource ready aside earlier in the issue of extension of back up measures," MOF said in a media release.
ENHANCED JSS
JSS back up volition exist increased to lx per cent for sectors that are required to "append many, if not all, of their activities" during the Stage 2 (Heightened Warning) flow from Jul 22 to Aug 18.
"These include food and drink businesses, gyms, fettle studios, performing arts organisations and arts education centres," MOF said.
These businesses were previously eligible for 50 per cent JSS back up from May 16 to Jul 11 and x per cent support from Jul 12 to Jul 21.
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Sectors that are "significantly affected" past the restrictions will see their JSS support enhanced to twoscore per cent.
"These include the retail sector, affected personal care services, tourist attractions, licensed hotels, cruise and regional ferry operators, MICE organisers, travel agents, museums, art galleries, movie theater operators and other family entertainment centres," MOF said.
These businesses had been eligible for 30 per cent JSS back up from May 16 to Jul eleven and 10 per cent support from Jul 12 to Jul 21.
JSS support for all these affected sectors will taper off to ten per cent from Aug 19 to 31.
RENTAL RELIEF FOR COMMERCIAL PROPERTIES
Tenants at government-endemic commercial properties will receive rental relief for the full Phase ii (Heightened Alarm) menstruation, while tenants of privately endemic commercial backdrop volition receive relief for one-half the flow.
"The Government will provide an additional four-week rental waiver for qualifying tenants on authorities-owned commercial properties, and an additional ii-week rental relief cash payout for qualifying tenant-occupiers and owner-occupiers of privately owned commercial properties nether the rental back up scheme," MOF said.
READ: Businesses call on landlords to 'share the pain' as COVID-19 curbs tightened again
READ: Just 'low-intensity' exercises with masks on allowed at indoor facilities during Phase 2 (Heightened Alarm)
The ministry added that this system of rental relief ensures "fair burden-sharing".
"While nosotros encouraged landlords of commercial properties to provide rental support to affected businesses during the last Phase 2 (Heightened Alert) period, many tenants have provided feedback that non all landlords were forthcoming," information technology said.
"To ensure fair burden-sharing, the Authorities is looking to require sharing of rental obligations between the Government, landlords and qualifying tenants.
"We recognise that there will be landlords who may face genuine hardship, and volition take these landlords' circumstances into consideration."
BOOSTER PACKAGES, CREDIT SUPPORT
The food delivery booster package, which supports the F&B sector past defraying part of delivery costs via food commitment platforms third-political party platforms, will be reintroduced for transactions fabricated betwixt Jul 22 and Aug xviii.
"For the use of food delivery platforms, ESG (Enterprise Singapore) will fund five per centum points of the commission price charged," MOF said.
"ESG will fund twenty per cent of the delivery costs for food delivery orders through tertiary-political party logistics partners."
READ: 'I can't stop now': Business owners hang on despite running up losses amid tighter COVID-19 restrictions
READ: 58 per cent of hawkers whose tenancies were upwards for renewal from Apr to June had rentals revised down
The e-commerce booster package, reintroduced on May sixteen, will also be available until Nov 16. This helps local retailers get on board local e-commerce platforms.
"Retailers will receive a one-time 80 per cent back up on qualifying costs for the service fees charged by the platforms, capped at S$viii,000," MOF said.
"These platforms include Lazada, Mummy'southward Market, Qoo10, Shopee and Zalora."
Banks and finance companies will also continue to provide cashflow assist to borrowers impacted by the tightened restrictions.
"This is facilitated by the ESG, the Monetary Authority of Singapore and manufacture back up measures that had been recently extended," MOF said.
"Lenders will further offer relief and restructuring options for borrowers based on their specific circumstances."
Back up FOR HAWKERS, MARKET STALLHOLDERS
The Government will innovate a new fund to assistance hawkers and market stallholders who will receive a one-off cash assistance of South$500 per stallholder.
This applies to stallholders of cooked nutrient and market stalls in centres managed past the National Environment Agency (NEA) or NEA-appointed operators.
The Government previously appear on Jul 16 that stallholders in hawker centres and markets managed by the NEA or NEA-appointed operators would receive i month of subsidies for tabular array-cleaning and centralised dishwashing services, as well as one month of rental waivers.
To support drivers of taxis and private-hire cars, the Authorities will enhance the COVID-19 driver relief fund from Jul 22 to the end of September.
The fund currently provides eligible drivers with S$10 per vehicle per day for 60 days from July, and South$five per vehicle per solar day for the adjacent thirty days.
As role of the support parcel, the COVID-19 Recovery Grant – Temporary volition exist made bachelor until Aug 31.
The grant provides a payout of upwards to Due south$700 for workers placed on involuntary no-pay go out and up to S$500 for workers who have lost a minimum of 50 per cent of their incomes for at least 1 month every bit a result of tightened COVID-nineteen restrictions since May 16.
Existing recipients of the grant who continue to require help tin apply for a second payout nether the scheme, MOF said.
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Source: https://cnalifestyle.channelnewsasia.com/singapore/s11-billion-support-package-workers-businesses-hit-phase-2-heightened-alert-restrictions-282436
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