TARGETED HELP FOR WORKERS HIT BY FUEL PRICE SPIKES
Active platform workers and taxi drivers will receive a cash relief of S$200 from end-April, according to Mr Siow, who is also Acting Transport Minister.
The government will also provide temporary assistance to co-fund cost increases for certain essential transport services for school students, seniors, and persons with disabilities, to ensure continued operation without disruption.
These include regular transport services to primary schools, Special Education schools, disability services, and health and long-term care services.
More details will be announced later.
TAX RELIEF, ENERGY SUPPORT FOR BUSINESSES
The corporate income tax rebate for the Year of Assessment 2026 will be increased from 40 per cent to 50 per cent, said Mr Siow.
The cash grant component for eligible companies will be raised from S$1,500 to S$2,000, while the total benefits cap per company will be raised from S$30,000 to S$40,000.
