>> ASIAONE / NEWS / THE STRAITS TIMES / STORY
Two ways workers will gain from Jobs Credit: PM
Mon, Feb 09, 2009
The Straits Times

By Aaron Low

WORKERS will benefit from the Jobs Credit scheme in two ways and yesterday, Prime Minister Lee Hsien Loong highlighted them when he responded to its critics in Parliament.

One, it reduces the cost of a hiring a Singaporean by paying, on behalf of employers, part of the worker's contribution to his Central Provident Fund (CPF) savings, and two, it encourages companies to hire more Singaporeans.

In doing so, he said the scheme also deals specifically with an overriding worry of Singaporeans: whether they can keep their jobs in this downturn.

 


For more The Straits Times stories, click here.

 
 
STORY INDEX
 
  New super-chip is made in Singapore
   
 
  French firm to lay tracks for Downtown Line
   
 
  Relics still missing a year after church evicted
   
 
  Mock arson and bomb attack on SMRT train
   
 
  900 caught since wider smoking ban
   
 
  Wee family sets up charity foundation
   
 
  To Hanoi with verve and zest
   
 
  After Perak, is BN eyeing Kedah as next target?
   
 
  Tension up as Umno tries to seize the day
   
 
  Windsurfing on the up
   
>> RELATED STORY
Two ways workers will gain from Jobs Credit: PM
S'pore defence budget up 6%
DBS to help borrowers

Elsewhere in AsiaOne...

Motoring: Transport firms looking at $33m savings

Business: Two ways workers will gain from Jobs Credit: PM

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg