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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”.
March 27, 2020
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.
March 27, 2020
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.
March 27, 2020
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.
March 26, 2020
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.
March 26, 2020
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.
March 26, 2020
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.
March 26, 2020
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
March 26, 2020
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.
March 26, 2020