Xinhua, 24 Mar 2009
SINGAPORE, March 24 (Xinhua) -- The Singapore government will pay out a total of 920 million Singapore dollars (about 610 million U.S. dollars) at the end of the month as part of the country's plan to save jobs during the economic downturn, local media reported on Tuesday.
According to local radio 938live, the money will be paid out to some 100,000 employers employing some 1.3 million local workers, and it is the first quarterly payment of the one-year Jobs Credit scheme, which is newly introduced in the country's 20.5 billion Singapore dollars (about 13.7 billion U.S. dollars) budget for fiscal year 2009.
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