A first-of-its-kind financial aid targeted at workers who lose their jobs involuntarily was launched by Singapore’s Prime Minister Lawrence Wong at the National Day Rally recently.

Under the SkillsFuture Jobseeker Support scheme, lower- to middle-income individuals who have been retrenched can receive up to S$6,000 over six months, with payouts starting at a maximum of S$1,500 in the first month and declining subsequently.

To qualify for the scheme, Singaporeans and permanent residents must be unemployed due to involuntary reasons such as retrenchment or illness, have earned S$5,000 or less per month, be actively engaged in searching for a new job, among other conditions.

The scheme will be rolled out for citizens in April 2025, and for permanent residents in the first quarter of 2026.

On this episode of Morning Shot, Walter Theseira, Associate Professor for the Economics Programme at Singapore University of Social Sciences shares his perspectives.

Presented by: Emaad Akhtar & Audrey Siek
Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Kua Chee Siong/ ST

A first-of-its-kind financial aid targeted at workers who lose their jobs involuntarily was launched by Singapore’s Prime Minister Lawrence Wong at the National Day Rally recently.
Under the SkillsFuture Jobseeker Support scheme, lower- to middle-income individuals who have been retrenched can receive up to S$6,000 over six months, with payouts starting at a maximum of S$1,500 in the first month and declining subsequently.
To qualify for the scheme, Singaporeans and permanent residents must be unemployed due to involuntary reasons such as retrenchment or illness, have earned S$5,000 or less per month, be actively engaged in searching for a new job, among other conditions.
The scheme will be rolled out for citizens in April 2025, and for permanent residents in the first quarter of 2026.
On this episode of Morning Shot, Walter Theseira, Associate Professor for the Economics Programme at Singapore University of Social Sciences shares his perspectives.
Presented by: Emaad Akhtar &amp; Audrey Siek Produced &amp; Edited by: Yeo Kai Ting (<a href="mailto:ykaiting@sph.com.sg">ykaiting@sph.com.sg</a>) Photo credits: Kua Chee Siong/ ST

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Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

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