Resilience Budget

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

On Aug 17, the government announced another $8 billion package to battle the bug, as cracks in Singapore’s economy deteriorate.

“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

Businesses say the government’s $48.4 billion Resilience Budget have been timely and impactful in helping to meet pressing concerns such as wage costs and cash flow issues, according to an online poll of some 380 participants conducted by the Singapore Bu

The new legislation, subject to Parliament's approval, could see property owners be found guilty of an offence if they fail to fully pass on the property tax rebate to their tenants

DPM Heng says the government's $48.4 billion secondary package "cannot prevent an economic recession as the external health and economic situation will evolve beyond our control”.

SINGAPORE (Mar 26): Singapore Airlines (SIA) has announced it is undertaking a renounceable rights issue of new shares in the company and mandatory convertible bonds (MCB) to raise up to $15 billion. Coming just a minute before midnight on March 26, the

Tourism-related industries have had a “difficult time”, says Deputy Prime Minister and Finance Minister Heng Swee Keat.

Singapore will do all it can to help SIA and preserve the country’s status as an aviation hub, says DPM Heng Swee Keat.

As the coronavirus outbreaks worsens, the government will now raise its co-funding of wages for local workers to 25%, with additional support given to the sectors that have been hit the hardest.