Firms focused on innovation are still growing amid pandemic: DPM Heng

Forefront Medical also hired 80 more workers to meet the increase in production demand.

Mr Heng said:"Even in the midst of the crisis, there are still pockets of growth. There are many other companies like Forefront Medical, which are growing and hiring."It also has locations in Shanghai, Changzhou and Xiamen in China, Connecticut in the US and Kington in Britain. Globally it has just over 1,000 people.

Mr Heng added:"The Jobs Growth Incentive... will support these companies in increasing their local workforce, with more support for our mature workers. And we hope to better match job seekers to these new opportunities." The $1 billion incentive was announced on Monday in Mr Heng's ministerial statement on how the Government will continue to support businesses and workers.Companies that hire local workers over the next six months will receive a subsidy of up to 25 per cent of their salaries for one year, subject to a cap.

This applies to growth firms that meet the qualifying criteria. The co-payment goes up to 50 per cent for workers aged 40 and above.

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