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Businesses are realistic about the fact that Covid-19 financial support measures have to come to an end, but they are still hoping some key help will continue in the short term.
Mr Sim Gim Guan, executive director of the Singapore National Employers Federation, wants to see the Jobs Support Scheme (JSS), which provides wage subsidies for local employees, extended beyond this month.
“The Government should taper off the JSS gradually in tandem with the likely slow recovery of the economy, while providing targeted support for severely affected industries,” he said.
Dr Kevin Cheong, chairman of the Association of Singapore Attractions, said the rate at which the JSS is tapered off should be determined through an “equitable formula” that takes into account the maximum business capacity of an establishment amid Covid-19 curbs.
For instance, most tourist attractions that have been allowed to reopen are currently restricted to no more than 25 per cent of their operating capacity at any one time, so they should get more subsidies than those not facing such limits.
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