Budget 2020

Overall unemployment rates had edged up to 2.3% in 2019, with resident unemployment at 3.1% and citizen unemployment at 3.3%.

It would be the first such move to bankroll economic stimulus since 2009, when the global financial crisis rocked the Asian financial hub, although reserves are used selectively for land acquisitions.

This comes barely a month after DPM Heng Swee Keat in his Budget 2020 speech on Feb 18 unveiled a $4 billion package to stabilise the Singapore economy and support local workers caught up in a swirl of near-term uncertainties.

With the economic fallout expected to grow, Singapore is already mulling another round of aid for businesses.

The mobile operator’s revenue will track the economic slowdown, but recovery will be V-shaped, like the one after the SARS epidemic in 2003

To cushion the Singapore economy from the impact of the coronavirus outbreak and tackle longer-term structural challenges that could present greater downside risks to the republic, Budget 2020 will rack up the widest planned fiscal deficit since the Globa

SINGAPORE (Feb 21): Businesses, workers, families and front-line agencies are set to get a helping hand from Budge 2020 in dealing with the economic uncertainty of the ongoing novel coronavirus outbreak through a $6.4 billion package.

Singapore (Feb 21): There were plenty of immediate buffers but Budget 2020 has also mapped out longer term policy goals for dealing with climate change.

SINGAPORE (Feb 21): Going simply by dollars and cents, Budget 2020’s centrepiece is the huge $6.4 billion package to help tackle the economic fallout following the coronavirus outbreak and lingering economic weakness from the previous year.

SINGAPORE (Feb 21): The net investment returns contri­bution (NIRC) is expected to be the single largest contributor to Sin­gapore’s coffers this year under Budget 2020.