Enhanced Support In Response To The Middle East Situation

In a Ministerial Statement on 7 Apr, SMS Jeffrey Siow announced enhanced support measures for Singaporeans and businesses. Read and watch the Ministerial Statement.

Support for Singaporeans

  • [Updated] $500 CDC Vouchers brought forward to Jun 2026
  • [Enhanced] $400 to $600 Cost-of-Living Special Payment in Sep 2026
  • [New] $200 cash relief for eligible platform workers, private hire car drivers and taxi drivers from Apr 2026

Support for Businesses

  • [New] Temporary co-funding of cost increases for essential bus services such as those for school students, seniors, and persons with disabilities
  • [Enhanced] Increase Corporate Income Tax rebate to 50% for Year of Assessment 2026
    • Raise minimum benefit to $2,000 for eligible companies
    • Raise benefits cap to $40,000 per company
  • [Enhanced] Expand Energy Efficiency Grant (Base Tier) to all sectors and extend to 31 Mar 2028

Infographics

Advancing Our Refreshed Economic Strategy
Support For Singaporeans
(Revised 7 Apr 2026)
Harnessing AI as a Strategic Advantage
Summary of Enhanced Support Measures

Useful links