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Every Singaporean aged 21 and above will receive up to S$300 bonus, announces govt in 2018 budget

Every Singaporean aged 21 and above will receive up to S$300 bonus, announces govt in 2018 budget

NEW DELHI: The Singapore government Monday announced that all Singaporeans aged 21 and above will receive a one-time bonus of up to S$300 each. Described as “hongbao”, the bonus will be paid according to a person’s annual income. About 2.7 Singaporeans stand to benefit from the payout which will cost the government S$700 million. Finance […]