Global Trade Alert
Global Trade Alert

Singapore: Provided S$ 3 billion wage subsidies in response to the COVID-19 pandemic

Announcement

25 Mar 2021

In March 2021, Singapore provided S$ 3 billion (USD 2.22 billion) wage subsidies to employers to retain their local employees to work during economic uncertainty due to the COVID-19 pandemic. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Mar 2021

Revocation date:

No revocation date

Updated: 25 Mar 2021
Financial grant In force

On 25 March 2021, the Ministry of Finance of Singapore provided a wage subsidy under the jobs support scheme (JSS) amounting to S$ 3 billion (USD 2.22 billion) to cover the wages of over 2 million ...

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