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Singapore Tells Firms to Hire More Locals to Earn Incentives

Singapore to Reopen More Businesses as Virus Seen Controlled
Photographer: Lauryn Ishak/Bloomberg
Updated on

Singapore said it will support companies that hire new local workers in the next six months under a program that’s aimed at boosting the domestic workforce during the pandemic.

The government plans to disburse S$1 billion ($733 million) to encourage companies to “bring forward their hiring plans,” the manpower ministry said in a statement on Friday. The jobs must pay a gross monthly wage of at least S$1,400, and a company’s incentive will be reduced if existing employees leave, it said.