PM Lee Announce Extension of Jobs Credit for Additional Six Months and Promises More Goodies to Come

EMPLOYERS received good news on (12/10) Tuesday, not just a six-month extension of Jobs Credit but also more goodies that await them in next year's Budget.

The upcoming offerings are aimed at helping companies boost productivity and devise better ways to do business to bolster Singapore's efforts to transform and grow its economy.

Singapore Prime Minister made the promise on Tuesday when he also said that companies which spur job creation over the medium to longer term will be rewarded.

He did not elaborate on the new incentives in his 45-minute speech at a labour movement conference, but identified broadly the critical steps that needed to be taken for Singapore's post-recession economy.

"We have to pursue higher productivity and build better capability, and move workers from less competitive businesses into newer, expanding ones."