Covid-19 Solidarity Budget

The government unleashes a third supplementary Budget to deal with Covid-19 economic fallout, but experts warn of diminishing effectiveness

SINGAPORE (April 13): Concerns are emerging that the local banks may need to bear the burden of bad debts and non-performing loans, as they go all out to support the economy amid the Covid-19 outbr

SINGAPORE (Apr 7):  The Singapore government is sparing no expense in protecting jobs, as the city-state heads for its first “circuit-breaker” in history. 

SINGAPORE (Apr 7): Singapore’s construction, shipyard and healthcare companies could see some relief from foreign worker levy rebates announced Monday as part of the Solidarity Budget.

SINGAPORE (Apr 7): In the latest Solidarity Budget, finance minister Heng Swee Keat announced a one-off Solidarity payment of $600 will be given to all Singaporeans in April to help tide through th

SINGAPORE (April 6): Covid-19 has really upset the apple cart. With the circuit breaker underway, many retailers including fast fashion, beauty salons, nail bars and spas have to close.

SINGAPORE (Apr 6): Singapore is rolling out an additional $5.1 billion in relief measures to cushion the blow of a month-long circuit breaker, which will see the suspension of all non-essential bus

SINGAPORE (Apr 6): Market watchers and business associations have given their unanimous thumbs up to the $5.1 billion Solidarity Budget unveiled by deputy prime minister Heng Swee Keat earlier on A

SINGAPORE (Apr 6): Singapore is injecting another $5.1 billion in relief measures to help Singaporeans and local businesses tide through a month-long circuit breaker period that kicks in from April