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MOM to provide additional $320 mil support for construction, marine sector

Bloomberg
Bloomberg • 1 min read
MOM to provide additional $320 mil support for construction, marine sector
Under the new measures, the payment of foreign worker levies will be waived until September and then only gradually reintroduced.
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Singapore will provide an additional $320 million of support for firms in the construction, marine shipyard and process sectors, the government said Saturday (August 1).

That’s on top of a $1.36 billion aid package announced in June.

“The majority of an estimated 15,000 firms in the construction, marine shipyard and process sectors continue to face financial difficulties as they are unable to resume work due to Covid-19 measures,” Singapore’s Ministry of Manpower said in an emailed statement.

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