Government ready to extend more support if cost pressures worsen: Wong
Implementation of February's Budget measures to be brought forward where possible to help households, businesses cope with rising costs
Singapore
SINGAPORE is ready to extend more support to households and businesses if cost pressures worsen - but there is no specific inflation threshold to take action, Finance Minister Lawrence Wong said in Parliament on Monday (Apr 4).
Noting "the concerns that many households and businesses have about the current situation", Wong said he has decided to take immediate action and bring forward the implementation of February's Budget measures where possible.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Iswaran’s lawyers contest prosecution’s call for separate trials related to Ong Beng Seng, David Lum
Trade between Singapore and Asean was at S$295.6 billion in 2023
AI lacks judgement to set interest rates, MAS chief says
Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD
Daily Debrief: What Happened Today (May 7)
Two men convicted in S$3 billion money laundering case deported to Cambodia