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Solidarity Budget
Singapore economy
A year to remember
2020 was said to be a year of recovery, but the virus had other plans
December 18, 2020
Covid-19
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
April 21, 2020
Startups, Entrepreneurs, Digital economy
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.
April 20, 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
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
Covid-19
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.
April 05, 2020