SINGAPORE (Mar 26): After a two-day rally, the benchmark Straits Times Index (STI) dipped 0.22% on Thursday morning, as Singapore waits with bated breath for the unveiling of a second stimulus package later in the afternoon.

The Resilience Budget announcement will come amid the biggest contraction in Singapore’s economy in a decade.

For 1Q2020, gross domestic product fell 2.2% year-on-year, faring worse than the median forecast of a 1.4% decline in a Bloomberg survey of economists.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook