17 Feb '12, 8am

Budget: SME to get boost for hiring older S'poreans

SINGAPORE: Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has announced long-term measures to encourage small and medium enterprises (SMEs) to hire older Singaporean workers. To this end, the Special Employment Credit (SEC) has been enhanced. Under the scheme, all employers will receive a monthly payout, or eight per cent of wages, for their Singaporean workers who are above 50 years old and earning up to S$3,000 a month. For workers earning between S$3,000 and S$4,000, a lower SEC -- between zero and eight per cent of wages -- will be paid out. The previous scheme last year was only applicable to older Singaporean workers who are covered by the Workfare scheme. The scheme will be in place for the next five years, to allow employers to plan ahead in hiring older workers. According to the government, the enhanced scheme will cover almost 350,000 worke...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

Budget: Tax relief, housing bonus for older S'poreans #Singapore

Budget: Tax relief, housing bonus for older S'p...

channelnewsasia.com 17 Feb '12, 9am

SINGAPORE: Older taxpayers will soon get more income tax relief. Announcing this on Friday in Parliament during the Budget...

The Budget 2012 debate live here

singaporebudget.gov.sg 17 Feb '12, 7am

Home » Singapore Budget » Webcast Webcast Budget Speech 2012 Live Webcast High Res | Low Res System Requirements to view t...

SNA - OPINION: Budget tweak - flip flop over ol...

Singaporemind.blogspot.com, 18 Feb 2012 The mainstream media cheered the move by PAP govt to increase CPF contribution of ...

Budget policies will hit SME hiring

todayonline.com 19 Feb '12, 9pm

I REFER to this year's Government Budget. As a small food-and-beverage business owner, I have been facing a hiring problem...

Budget 2012 aims to promote economic restructur...

singaporebudget.gov.sg 17 Feb '12, 6am

Home » Singapore Budget » Budget Speech Budget Speech Live Budget Speech : Auto-scroll is off. You have to scroll through ...

Budget: Key points delivered

Budget: Key points delivered

channelnewsasia.com 17 Feb '12, 10am

SINGAPORE: Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam on Friday delivered Budget 2012 aimed to ...

Budget 2012 round-up: Singapore to reduce foreign worker inflow | SingaporeScene - Yahoo! via @yahoosg

Budget 2012 round-up: Singapore to reduce forei...

sg.news.yahoo.com 17 Feb '12, 9am

Finance Minister Tharman Shanmugaratnam delivers a Budget 2012 which will reduce dependance on foreign workers. … The Sing...

Budget 2012: More subsidies and financial aid f...

straitstimes.com 17 Feb '12, 2pm

Among the most significant changes were to raise the Central Provident Fund (CPF) contribution rate for older workers by a...

SNA - OPINION: Budget 2012 round-up

Yahoo! News Singapore, 18 Feb 2012 The Singapore government unveiled a "Budget For the Future" that will reduce the depend...

'A balanced Budget for the long term': by Teo X...

todayonline.com 18 Feb '12, 9pm

SINGAPORE - The Government's Budget announced on Friday has been able to balance the dual goals of restructuring the econo...

What entrepreneurs should know about Singapore ...

sgentrepreneurs.com 18 Feb '12, 3am

What entrepreneurs should know about Singapore Budget 2012 February 18, 2012 by Terence LEE Yesterday, Singapore’s finance...

Increase in CPF Contribution Rates for Older Wo...

thefinance.sg 18 Feb '12, 9am

Lower CPF contribution rates for older workers were introduced to help improve the employability of older workers when sen...

Budget: Restructure economy, reduce reliance on foreign workforce

Budget: Restructure economy, reduce reliance on...

channelnewsasia.com 17 Feb '12, 8am

SINGAPORE: Budget 2012 will prioritise to restructure Singapore's economy so that incomes can grow steadily. It also aims ...

Coming up 3.30pm Budget Day LIVE Broadcast on Channel NewsAsia & or Follow our Tweets #SGBudget

Coming up 3.30pm Budget Day LIVE Broadcast on C...

channelnewsasia.com 17 Feb '12, 12am

Medical bills, eldercare and manpower concerns surface in pre-Budget webchat Updated: Fri, 17 Feb 2012 6:44:11 Healthcare ...