Tag: relief
Written by Gabriel HerveyApril 12, 2020
Police investigating after man posts online about abusing COVID-19 Temporary Relief Fund
News Business Article
SINGAPORE: The Ministry of Social and Family Development (MSF) and the police are looking into a case of possible abuse of the COVID-19 Temporary Relief Fund (TRF), after a man claimed he was able to obtain aid without any documents. In a news release on Sunday (Apr 12), the authorities said they had identified a 41-year-old Singaporean
Written by Gabriel HerveyApril 12, 2020
Bangladesh announces COVID-19 farm relief package, India seen extending lockdown
News Business Article
DHAKA: Bangladesh on Sunday (Apr 12) announced a relief package worth about US$1.7 billion to help farmers struggling because of restrictions imposed to stem the spread of the coronavirus, with neighbouring India expected to further extend its nationwide lockdown. Bangladesh has extended its lockdown by 11 days to Apr 25, a move that could exacerbate
Written by Gabriel HerveyApril 8, 2020
Twitter’s Jack Dorsey pledges US$1 billion for COVID-19 relief effort
News Business Article
SAN FRANCISCO: Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing US$1 billion of his personal fortune to coronavirus relief through his philanthropic fund. Dorsey said in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around
Written by Gabriel HerveyApril 7, 2020
France started including data from nursing homes last Thursday, which partially explains why the official number of deaths has more than doubled since Wednesday. The health ministry data showed that 605 people died from COVID-19 in hospitals in the last 24 hours – a new daily record – taking hospital fatalities to 6,494. The figure represented a 10% increase, up from 6% on Sunday and 9% on Saturday. Nursing homes deaths also rose 10% to 2,417, bringing the total to 8,911, an increase of 10% on Sunday’s tally. A total of 7,072 serious coronavirus cases were being treated in intensive care units, Veran added, a rise of just 1.3% from Sunday, giving the French health system small but much-needed relief.
News Business Article
PARIS: France’s coronavirus figures on Monday (Apr 6) showed that the rate of increase in fatalities – now at almost 9,000 – sped up again after several days of slowing, while the increase in people needing intensive care continued to decelerate. The total number of cases, combining hospital and nursing home statistics, increased by 5,171
Written by Gabriel HerveyApril 1, 2020
Tenants need ‘unprecedented’ rent relief amid COVID-19 outbreak, say retail and F&B groups
News Business Article
SINGAPORE: Struggling retailers and food and beverage (F&B) operators are calling for a temporary change in how retail rents are calculated, as an “unprecedented” COVID-19 outbreak takes an increasing toll on their businesses. Currently, most retail leases are structured around a minimum fixed charge called base rent, with a small component based on a tenant’s
Written by Gabriel HerveyMarch 30, 2020
COVID-19: ComfortDelGro Taxi extends daily rental relief to September in move costing up to S$80 million
News Business Article
SINGAPORE: ComfortDelgro Taxi announced on Monday (Mar 30) it was extending its daily rental relief until September to hirers affected by the COVID-19 outbreak. Hirers currently receive a total of S$46.50 per taxi per day in rental relief, which comprises S$36.50 from the the company and S$10 from the Government’s Special Relief Fund. Advertisement Advertisement The relief
Written by Gabriel HerveyMarch 29, 2020
COVID-19: MOM to look into helping self-employed workers not eligible for new income relief scheme
News Business Article
SINGAPORE: The Ministry of Manpower will look into helping self-employed workers who are not automatically qualified for the recently announced new income relief scheme amid the COVID-19 outbreak. Manpower Minister Josephine Teo on Sunday (Mar 29) said that she was aware that some self-employed workers who are not eligible for the scheme are worried and hope
Written by Gabriel HerveyMarch 27, 2020
COVID-19: Eligible self-employed workers to receive S$9,000 in quarterly cash payouts under new income relief scheme
News Business Article
SINGAPORE: Around 88,000 people will automatically benefit from a new income relief scheme introduced to tide self-employed workers over the current period of uncertainty, said the Ministry of Manpower (MOM) on Friday (Mar 27). Earlier on Friday, Prime Minister Lee Hsien Loong said the Government would do all it could to stabilise the economy, as
Written by Gabriel HerveyMarch 18, 2020
Union members affected by COVID-19 outbreak to receive one-off relief of up to S$300: NTUC
News Business Article
SINGAPORE: Union members who have lost income due to the COVID-19 outbreak can receive up to S$300 in a one-off cash relief, NTUC secretary-general Ng Chee Meng announced on Wednesday (Mar 18). This is part of S$25 million committed by the Government, NTUC and its affiliated unions and associations to the NTUC Care Fund (COVID-19). Advertisement
Written by Gabriel HerveyMarch 17, 2020
More wage support, direct rental rebates on businesses’ wish list for second relief package
News Business Article
SINGAPORE: More wage subsidies, relief on rent and foreign worker levy, as well as broader bridging loan programmes are among the types of aid that business owners, industry groups and economists hope the Government would prescribe in its second stimulus package. Amid a deepening global spread of COVID-19, they are also hoping for help to
Written by Gabriel HerveyMarch 16, 2020
SGX unveils S$5 million care package as part of COVID-19 relief measures
News Business Article
SINGAPORE: The Singapore Exchange (SGX) has rolled out a S$5 million care package to “provide support and relief measures amid the COVID-19 outbreak”. The SGX care package will benefit national healthcare-support programmes, Singapore-listed companies as well as SGX employees and contract staff. Advertisement Advertisement The move is aimed at bolstering “efforts by the financial community to
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Commentary: Malaysia’s latest stimulus package provides huge relief but is only enough until May
SINGAPORE: Malaysians have lived in extreme uncertainty and fear since the country came under a type of lockdown beginning Mar 18, when the Movement Control Order came into effect. These restrictions were slapped to slow the spread of the COVID-19 outbreak. As at Mar 31, Malaysia has seen 2,766 infections and 43 deaths. With