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Covid-19 Resilience Budget

Covid-19 Resilience Budget

$48.4 bil relief budget to protect jobs and livelihoods but 'cannot prevent an economic recession,' says DPM Heng

DPM Heng says the government's $48.4 billion secondary package "cannot prevent an economic recession as the external health and economic situation will evolve beyond our control”.

Covid-19 Resilience Budget

A bigger war chest to fight Covid-19

Unfortunately, the package — while helpful — will not be enough to stave off a recession, says Maybank Kim Eng’s senior economist Chua Hak Bin.

Covid-19 Resilience Budget

Temasek to lead $15 billion rescue of SIA

The flag carrier plans to offer all shareholders the chance to subscribe for $5.3 billion in new shares. Shareholders who hold two existing SIA shares are entitled to subscribe to three new SIA shares at $3 each. 

Covid-19 Resilience Budget

Singapore to offer more help to households, individuals who need it the most

Sabrina Sia, leader of global employer services at Deloitte Singapore, notes that the help given out has been specifically tailored to the population sectors that need it the most.

Covid-19 Resilience Budget

Singapore to co-fund 75% of tourism sector wages, sets aside $90 mil to boost rebound

Tourism-related industries have had a “difficult time”, says Deputy Prime Minister and Finance Minister Heng Swee Keat.

Covid-19 Resilience Budget

SIA to be rescued via Temasek-backed 'corporate action': DPM Heng

Singapore will do all it can to help SIA and preserve the country’s status as an aviation hub, says DPM Heng Swee Keat.

Covid-19 Resilience Budget

Singapore to spend $15.1 bil to support local workers, retain jobs

As the coronavirus outbreaks worsens, the government will now raise its co-funding of wages for local workers to 25%, with additional support given to the sectors that have been hit the hardest.

Covid-19 Resilience Budget

Government unveils 3 C's to offer additional help to businesses combat Covid-19 downturn

Additional help for businesses under the Covid-19 Resilience Budget

Covid-19 Resilience Budget

Government goes all out in fight against Covid-19, sets aside additional $48 bil in supplementary relief package

This brings the state’s total relief package to an astounding $55 billion, after factoring in the proposed measures worth $6.4 billion that was previously announced in the Budget 2020 delivered about a month earlier.
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