Bahrain - Labor and Social Development Minister Jameel bin Mohammed Ali Humaidan has announced the launch of an online service on Social Insurance Organization (SIO)'s portal, to allow employers to register, reported BNA.
With this move, these employees can take advantage of the government's guarantee to pay salaries of nearly 100,000 Bahraini employees in private sector registered with SIO for the months of April, May and June, it stated.
The minister affirmed that this step came within the framework of the directives of His Majesty King Hamad bin Isa Al Khalifa, and the government headed by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa, and the support of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, to provide the necessary liquidity to the private sector to deal with the effects of the current conditions preserving private sector growth and enhancing its vital role in supporting the national economy.
Minister Humaidan pointed out that the payment of salaries will be made according to what is registered with SIO until the end of February.
He pointed out that these salaries will be paid through savings from the unemployment insurance fund, as it costs BD215 million ($566 million) to cover the months of April, May and June 2020, at a monthly rate in excess of BD70 million ($184 million).
Copyright 2020 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
