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Monday, May 4, 2009

Budget's focus on jobs paying off | Jorbb.com


THE decision to focus this year's Budget on saving jobs was the right move as its key planks have helped temper job losses and cut the cost burden on employers.

And while the Government's emphasis going ahead will remain focused on saving jobs, Prime Minister Lee Hsien Loong yesterday said workers and union leaders must continue to play their part.

Speaking at the annual May Day Rally, he outlined how the Government had and would continue to help on the jobs front.

One approach has been through the Jobs Credit scheme which subsidises a company's wage bill for local workers; and the Skills Programme for Upgrading and Resilience which pays part of workers' wages while they are on training.

A second has been to go on the offensive and create new jobs and capabilities.
The Integrated Resorts, for example, are already recruiting workers.

Also, the Economic Development Board (EDB) has brought in new projects and got existing companies to expand.

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