logo
Over 950,000 Singaporean households to get U-Save, S&CC rebates in July

Over 950,000 Singaporean households to get U-Save, S&CC rebates in July

Yahoo7 days ago
SINGAPORE – Close to a million Singaporean Housing Board households will receive rebates to their utility and conservancy bills in July, as part of a government scheme to help them with cost of living.
Depending on their HDB flat type, eligible households will receive up to $190 in U-Save rebates for their utility bills, and a maximum of a month of rebates for their service and conservancy charges (S&CC), the Ministry of Finance said in a statement on June 30.
For example, people living in a four-room flat will get $150 and half a month respectively in rebates for their U-Save and S&CC.
Those in one- and two-room flats will get $190 in U-Save and a month of rebates for their S&CC.
The utility and S&CC rebates will be automatically credited to the eligible household's accounts with grid operator SP Services and town councils respectively.
These rebates are part of a permanent GST Voucher scheme and the enhanced Assurance Package to help lower- and middle-income households cope with the increasing cost of living and increase in goods and services tax.
They are disbursed every three months – in April, July, October and January – each year.
In total, eligible Singaporean HDB households will receive up to $760 in U-Save rebates for the financial year from April 2025 to March 2026.
Meanwhile, eligible households can expect to receive a total of up to 3.5 months of S&CC rebates in the same period.
To be eligible for the U-Save rebate, there must be at least one Singaporean owner or occupier in the household if the flat is partially rented or not rented out.
If the entire HDB flat is rented out, there must be at least one Singaporean tenant.
Households with people who own more than one property are not eligible for U-Save rebates, said the Finance Ministry.
The following households are not eligible for S&CC rebates:
Those with no Singaporean flat owner or occupier in the flat
Those whose flat owners or essential occupiers own or hold interest in a private property
Those who have rented out the entire flat
To check their eligibility for S&CC rebates, members of the public can log in to the My HDBPage with their Singpass.
In its statement, the ministry also reminded members of the public that government officials will not ask them to transfer money or disclose banking details over a call.
Source: The Straits Times © SPH Media Limited. Permission required for reproduction
Discover how to enjoy other premium articles here
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thailand has submitted latest trade proposal to United States, finance minister says
Thailand has submitted latest trade proposal to United States, finance minister says

Yahoo

time12 minutes ago

  • Yahoo

Thailand has submitted latest trade proposal to United States, finance minister says

BANGKOK (Reuters) -Thailand has submitted its latest trade proposal to the United States, its finance minister Pichai Chunhavajira said on Monday, as it tries to head off steep tariffs from its largest export market. Washington has threatened to impose a 36% levy on imports from Thailand if a reduction cannot be negotiated before July 9, when a 90-day pause capping tariffs at a baseline of 10% for most nations expires. The United States accounted for 18.3% of Thailand's shipments last year, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion. "We heard their feedback and what what they were especially interested in and we adjusted it," said minister Pichai Chunhavajira, who returned from Washington last week following talks. He said there could be other adjustments in future. Thailand's top three exports to the United States last year were computers, teleprinters and telephone sets, and rubber products. Its top three imports from the U.S. were crude oil, machinery and parts, and chemicals. Thai state-owned energy giant, PTT Group in June signed an agreement to procure 2 million metric tons of liquefied natural gas per year from Glenfarne's Alaska LNG project over a 20-year term. The $44 billion project has been championed by U.S. President Donald Trump. Pichai earlier said Southeast Asia's second-largest economy could expand by just over 1% this year due to the impact of U.S. tariffs. Thailand's economy has struggled with weak consumption, soaring household debt, slowing tourism, trade uncertainty and potentially steep U.S. tariffs. Last month, the central bank forecast economic growth of 2.3% this year, after last year's growth of 2.5% lagged peers in the region. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Thai Budget Bill, Spending to Proceed as Planned, Minister Says
Thai Budget Bill, Spending to Proceed as Planned, Minister Says

Bloomberg

timean hour ago

  • Bloomberg

Thai Budget Bill, Spending to Proceed as Planned, Minister Says

Thailand will push ahead with plans to stimulate the economy and pass the budget for next year as planned, Finance Minister Pichai Chunhavajira said, easing concerns that an ongoing political crisis could derail economic policy. The government is set to inject an additional 48 billion baht ($1.5 billion) into the economy over the remaining three months of the current fiscal year, Pichai told Bloomberg News in an interview late Sunday. The $115 billion budget bill for the fiscal year beginning Oct. 1 is on track to be passed by parliament by the end of August, he said.

Oil tumbles as OPEC+ hikes August output more than expected
Oil tumbles as OPEC+ hikes August output more than expected

Yahoo

timean hour ago

  • Yahoo

Oil tumbles as OPEC+ hikes August output more than expected

By Florence Tan SINGAPORE (Reuters) -Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, or 1.2%, to $67.50 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude was at $65.68, down $1.32, or 2%. The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed on Saturday to raise production by 548,000 barrels per day in August. "The increased production clearly represents a more aggressive competition for market share and some tolerance for the resulting decline in price and revenue," said Tim Evans of Evans Energy in a note. The August increase represents a jump from monthly increases of 411,000 bpd OPEC+ had approved for May, June and July, and 138,000 bpd in April. OPEC+ cited a steady global economic outlook and healthy market fundamentals, including low oil inventories, as reasons for releasing more oil. The decision will bring nearly 80% of the 2.2 million bpd voluntary cuts from eight OPEC producers back in the market, RBC Capital analysts led by Helima Croft said in a note. However, the actual output increase has been smaller than planned so far and most of the supply has been from Saudi Arabia, they added. In a show of confidence in oil demand, Saudi Arabia on Sunday raised the August price for its flagship Arab Light crude to a four-month high for Asia. Goldman analysts expect OPEC+ to announce a final 550,000 bpd increase for September at the next meeting on August 3. Separately, the United States is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, U.S. President Donald Trump said on Sunday, with the higher rates scheduled to take effect on August 1.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store