International Business & Economy calls on Government to raise , reduce , and suspend

SDP calls on Government to raise wages, reduce rental, and suspend GST

The SDP published a statement on March 21 on its website stipulating specific measures it is urging the current administration to take in response to the Covid-19 situation in

Author

Date

Category

- Advertisement -

The Democratic Party () has issued a statement calling on the Government to implement specific measures in response to the effects of Covid-19 on the nation.

These SDP measures will allow Singaporeans the financial security and confidence to plan ahead and rebuild the economy….

Posted by Singapore Democratic Party (SDP) on Tuesday, March 24, 2020

The SDP on Tuesday (March 21) published a statement on its website stipulating specific measures it is urging the current administration to take in response to the Covid-19 situation in Singapore–including to raise , reduce fees, and to suspend the temporarily.

“The SDP calls for the wages to be raised for middle-and lower-income earners across professions and industries,” the SDP said, stressing that the same should be done for foreign workers in order to prevent the discrimination against Singaporeans requiring higher wages.

- Advertisement -

The party cited the approach of the saying “Singaporeans’ wages have been suppressed for far too long with the resorting to using cheap foreign labour to improve the profit-margins of companies, many of which are GLCs.” The party also pushed for the Government to ensure that Singaporean salaries match the cost of living in the nation.

With regard to rental fees, the SDP called for the Government to “reduce  which it controls through government bodies like HDB, JTC, CapitaLand, Mapletree, and Surbana,” arguing that doing so would reduce the weight on businesses caused by increasing wages. In its statement, the SDP specifically mentioned SMEs.

“The Government is the biggest landlord and high is killing businesses especially SMEs,” the SDP said, asserting that the savings could then go to the increased wages of employees.

With regard to the GST, the SDP has called on the Government to temporarily waive the GST until the Covid-19 has subsided and Singapore has managed to stabilise its economy. The SDP also stressed the importance of lowering the GST from 7% to 5% when the has subsided, instead of raising it to 9%, a move the party called “economic suicide.”

- Advertisement -

“The move will only hurt spending and cause the economy to slump just when recovery needs to take place after the pandemic is over,” said the SDP.

Other than increasing wages, lowering rent, and suspending the GST, the SDP also urged the Government to “return CPF funds” and “introduce retrenchment insurance.”

With its position found on the initiative to give Singaporeans a sense of “financial security and confidence to plan ahead and rebuild the economy,” the SDP also cited the efforts of governments around the world to take care of their citizens, holding to the position that “We must do the same for our own people.”Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Suspected Ang Mo Kio cat-slasher arrested

Singapore – A 37-year-old man has been arrested for his suspected involvement in a series of cat-slashing incidents in Ang Mo Kio. The Animal & Veterinary Service (AVS), an entity under the National Parks Board (NParks), conducted an operation on Tuesday (June...

Circles.Life telco comes under fire for ad that implies hierarchy between Chinese, Malays and Filipinos; company does not apologise

Update In an update, Circles.Life Singapore issued an apology on their Instagram page on Thursday (Jun 10).   View this post on Instagram   A post shared by Circles.Life (@circleslifesg) Delbert Stanley Ty, Head of Marketing also added: “We messed up. We’re sorry. Our posts were tone...

‘Badge Lady’ asks that charges against her be dropped, claims there were ‘errors’ in the investigation

Singapore — Phoon Chiu Yoke, or "Badge Lady" as she is called by netizens, has been released on S$8,000 bail after she was remanded at the Institute of Mental Health (IMH) for two weeks. The 53-year-old was infamously caught on camera refusing...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent