Edward Chia on support measures for Phases 2 and 3 (Heightened Alert)
27 Jul 2021 05:35pm
Rental relief has been differentiated for companies solely based on revenue but MP Edward Chia said for a more accurate assessment, the criteria of EBITDA should be added for firms in industries that operate with low margins. He also suggested extending moratoriums for the Temporary Bridging Loan Programme and reviewing the eligibility criteria. Finally, Mr Chia called for faster disbursement of the Jobs Support Scheme and relooking the categorisation of businesses, known as SSIC, that the relief is based on. He spoke in Parliament on Tuesday (Jul 27).