Singapore provides up to $700 one-off payout for employees on no-pay leave

The support package is part of the new COVID-19 Recovery Grant (Temporary).

Singapore has launched a new COVID-19 Recovery Grant (Temporary) (CRG-T) support package for lower to middle income earners who are currently not receiving any CRG support with a one-off payout.

The Ministry of Finance said that the livelihoods of some workers have also been affected, such as those in F&B, hawkers, retail, arts as well as sports and fitness sectors.

"The Government will introduce the COVID-19 Recovery Grant (Temporary) scheme to provide one-off support for lower- to middle-income employees and self-employed persons who are financially impacted as a result of the tightened measures,” MOF said in a statement

Under the new CRG-T package, employees who are placed in an involuntary no-pay leave for at least one month may receive up to $700 whilst employees and self-employed persons facing income loss of at least 50% for at least 1 month may receive up to $500.

Application for the grant will be from 3 June to 2 July.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Analysts said there are three factors that drove the price growth.
Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.
72% of Singaporeans were aware of the term 'ESG.'
This strong performance was due to the recent acquisitions by the company.
They want a comfortable retirement, improved health, and a maintained lifestyle.
Meanwhile, 45% of respondents said they can effectively respond to cyber-attacks.
The previous projection was at S$1.3600/US$.
HongkongLand showed the most growth.
People are looking for a change of environment after 20 months, Lina Ang says.
They aim to supplement Singapore’s 2040 vision for cleaner energy for vehicles. 
This is expected to raise MLT's e-commerce revenue exposure in S. Korea to 31%.
The bank said the merger is crucial in the REIT sector.