DPM Heng Swee Keat

“We can further harness the power of finance to promote cleaner and greener forms of energy and activities in the region."

DPM Heng called on regional leaders to work together to harmonise standards and facilitate cross-border transactions.

While tensions “could intensify for some time”, DPM Heng hopes that the parties will develop a framework for cooperation.

The government is also looking to ensure a manageable mix of local and foreign workers

Support for businesses and households are slated to feature prominently in Singapore’s first Budget for 2021.

“The government’s financial support will not be sufficient to [cover] revenue lost by companies [but] we hope they are enough for companies to tide over this period, without having to lay off their staff,” says SBF CEO Ho Meng Kit.

“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

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.