• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Stupid PAP government give subsidies to companies while smart USA government gives loans to companies

ginfreely

Alfrescian
Loyal
Joined
Nov 9, 2010
Messages
78,126
Points
113
3ABF54A0-5EEF-4A39-8DE1-96BAD78D9BEC.jpeg
 
Print money without back by gold is daylight robber their own people.... taxpayers footing the bill later...

 
Because PAP leaders will become board members or advisors to companies when they retire.
 
Our jobs support scheme and wage credit scheme are more superior that the US loans to small businesses and large corporations

The Jobs Support Scheme (JSS) was launched in Budget 2020 to help enterprises retain their local employees (Singapore Citizens and Permanent Residents) during this period of economic uncertainty.

The Jobs Support Scheme has been enhanced, as follows: :thumbsup:
Higher support level: Employers will now receive a 25% cash grant (up from 8%) on the wages# of each local for whom mandatory Central Provident Fund (CPF) contributions were made. The monthly wage cap will also be raised to $4,600 (up from $3,600) per employee to provide greater support for middle-income employees.

Under the Wage Credit Scheme :thumbsup: (WCS) introduced in Budget 2013 and extended in Budget 2015, the Government co-funded 40% of wage increases from 2013-20151 and 20% of wage increases from 2016-2017 given to Singapore Citizen employees who earned a gross monthly wage of up to $4,000. Only employers are eligible for the co-funding.
In Budget 2018, it was announced that the WCS would be extended for three more years, i.e. 2018, 2019 and 2020, to support businesses embarking on transformation efforts and encourage sharing of productivity gains with workers. Government co-funding was maintained at 20% in 2018.
In Budget 2020, it was announced that the government co-funding ratios for wage increases in 2019 and 2020 will be raised from the current 15% and 10%, to 20% and 15% respectively. The qualifying gross wage ceiling will also be raised to $5,000 for both years, up from the current $4,000.
 
Give loan to President biz, no need pyback... whats the different...
 
These two schemes (job supports and wage credit) helped the PMETs and workers directly in keeping their jobs while the loans received by companies may not help the workers in keeping their jobs.

In US, the companies received loans but still can lay off workers and use the money as investments on something else.

Our government are truly care and support for PMETs and workers in keeping their jobs. Well done, Mr Heng :thumbsup:
 
Singapore companies are all PA cronies, RC chairman or members. Labour Union spies, Ministers wife or husband businesses. If you don't subsidised the last tribe of PAP supporters, they will turn around to fuck the PAP.. Whereas in American, their Unions are truly independent and non partisan.
 
Print money without back by gold is daylight robber their own people.... taxpayers footing the bill later...


Looks like USA is special they can keep printing money and no impact. Why Spore don’t print money and go use our reserves to subsidise companies?
 
I am impressed with your thread title.
One needle meets blood.

Very stupid for million dollars ministers not to be able to see the stark difference indeed. They want to give aids to companies like sia now using taxpayers money forgetting these companies pay good bonuses to undeserved employees like kt latha and my ex sinkie cantonese accountant during good times for them to gossip, play politics and play games during office hours.
 
Back
Top