Enhance the Jobs Support Scheme (S$15.1bn). The Government will raise its co-funding of the local monthly wages from 8% to 25%. And increase the qualifying ceiling from S$3,600 to S$4,6000. The means the maximum funding per employee per month increases from S$288 to S$1,150.
Enhance the Care and Support Package for households (S$3bn). Triple the cash payout to Singaporeans depending on age and income level, from the S$100, S$200 or S$300 to S$300, S$600 and S$900 respectively. Singapore parents will also triple their cash payouts to S$300. The grocery vouchers will be quadrupled to S$400 for the needy in 2020 and 2021.
Aviation. A strategic industry for Singapore that contributes 5% of Singapore GDP. There will be a 75% wage subsidy costing S$400mn plus a S$350mn enhanced aviation support package (rebates on landing and parking charges and rental relief).
Tourism-related industry (hotels, travel agents, etc). 75% wage offset, additional S$90mn to help the tourism industry and no property tax.
Land transport. Extend and enhance the Point-to-Point Support Package costing S$95mn (e.g. daily rental relief). Eligible taxi hirers and PHC drivers will receive the Special Relief Fund payments of $300 per vehicle per month until end-September. One-year road tax rebate for private bus owners totaling $23mn.
Food service. Wage relief of 50% of monthly wages for every local employee under the enhanced Job Support Package and no property tax.
Property. 30% property tax rebate for businesses in offices and industrial properties.
Banks/Financial Institutions. Raising maximum loan quantum under the Enterprise Financing Scheme – SME Working Capital $600mn to $1bn and Trade Loan quantum from $5mn to $10mn with increased government’s risk-share of 80% (prev. 70%). Expanded Temporary Bridging Loan to all sectors with quantum increased from S$1mn to S$5mn.