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Covid-19 Solidarity Budget
Covid-19 Solidarity Budget
A Budget on steroids for a city on MC
“We must make these hard decisions, make the difficult adjustments, and do all that we can in the next few months, to protect the lives of our people,” says DPM Heng on the month-long circuit-breaker
April 09, 2020
Covid-19 Solidarity Budget
What the stimulus means for banks
In addition to the stimulus packages, policy interest rates are falling. Singapore’s exchange rate policy and the easing for the SGD NEER leading to a weaker Singapore dollar may limit the decline in local rates.
April 09, 2020
Covid-19 Solidarity Budget
Which stocks will thrive as the government doles out more wage support?
In a Tuesday report, DBS Group Research analyst says companies in sectors other than travel and tourism with a relatively high employee count stand to benefit the most from wage subsidies.
April 07, 2020
Covid-19 Solidarity Budget
Foreign worker levy rebates provide some relief, but retrenchments expected to spike
“This will be the highest retrenchments in Singapore’s history since independence – far worse than during the global financial crisis or Asian financial crisis.”
April 07, 2020
Covid-19 Solidarity Budget
Supermarkets and telcos stand to gain from Solidarity payment to Singaporeans
What will Singaporeans spend with their one-off $600 Solidarity payout?
April 07, 2020
Covid-19 Solidarity Budget
What about the landlords?
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. In the wake of this displacement, and the amount of economic activity
April 06, 2020
Covid-19 Solidarity Budget
Solidarity Budget will cushion extent of job losses, but might still not be enough
“This is a much-needed steroid shot, where the government is using a holistic approach to reach out to firms already under stress,” says OCBC’s Head of Treasury research and strategy, Selena Ling.
April 06, 2020
Covid-19 Solidarity Budget
'Life saving' $5.1 billion package for 'unprecedented' times lauded
This second supplementary budget, announced less than a fortnight after the massive $48.4 billion “shock and awe” budget on March 26, was deemed necessary because of how rapidly the Covid-19 outbreak was evolving.
April 06, 2020
Covid-19 Solidarity Budget
Government injects additional $5.1 bil in Covid-19 relief measures as month-long circuit breaker kicks in
"I expect firms to make use of this Jobs Support Scheme support to continue paying your workers and refrain from putting workers on no-pay leave during this period, or worse, retrenching them," Heng said.
April 06, 2020