Solidarity Budget

A year to remember - THE EDGE SINGAPORE

Singapore economy

A year to remember

2020 was said to be a year of recovery, but the virus had other plans


Additional $3.8 bil aid brings Singapore's Covid-19 relief to $63.7 bil; tighter restrictions to come as circuit breaker extends

“We understand that the enhanced measures and circuit breaker extension will have a significant impact on our workers,” noted Deputy Prime Minister and Finance Minister Heng Swee Keat
MAS launches new facility to lower cost of loans to SMEs under the ESG Loan Schemes

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MAS launches new facility to lower cost of loans to SMEs under the ESG Loan Schemes

The facility, which was set up to help make loans to SME borrowers more affordable, will process loans to eligible banks and finance companies at an interest rate of 0.1% per annum for a two-year tenor.

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.”

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?

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.


Economists stay cautious even as Singapore readies to unveil another round of relief measures in Solidarity Budget

Some 1.3 million workers could go into “cold storage” as Singapore goes on a month-long circuit breaker.