32 companies return $35 million of Jobs Support Scheme payouts; others are donating the funds

SINGAPORE - Some companies have decided to return the Government's Jobs Support Scheme payments and decline future payouts, while others are donating the money to charity, said Deputy Prime Minister Heng Swee Keat on Sunday evening.

The wage subsidies are intended to save jobs amid enhanced safe distancing measures, effectively requiring most workers to telecommute and those in non-essential services to temporarily cease operations to stem the spread of the coronavirus. The money that Boehringer Ingelheim is donating makes up the majority of its JSS payout, said Mr Gerrard McKenna, country managing director and head of human pharma for the Southeast Asia and South Korea regional operating unit.

Another company that has decided to donate its payout is DSM Nutritional Products. Its business model has proven to be"relatively resilient" despite the crisis, said Asia-Pacific president Pieter Nuboer.

This is a great thing and these companies deserve the respect of being named to be honoured. I wonder how many are from companies making huge profits of this lockdown.

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Some companies are returning, donating Jobs Support Scheme payouts: Heng Swee KeatA German pharmaceutical group and a nutritional products firm are among those that will donate their payouts to others in need.. Read more at straitstimes.com.
مصدر: The Straits Times - 🏆 8. / 63 اقرأ أكثر »

MICE companies struggling to survive, request more supportDESPITE increased financial support for businesses amid the novel coronavirus outbreak, companies in the meetings, incentive travel, conventions and exhibitions (MICE) ecosystem are still struggling to survive and dreading the end of the circuit breaker when wage subsidies for them will revert to lower levels. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »