Budget relief measures fail to lift stock prices
Lingering unease over Covid-19 continues to dog investors; SIA shares slip on news of sharp curtailment in flights
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THE focus of the day was on Singapore Budget 2020, but the measures aimed at tackling the economic repercussions of Covid-19 had little immediate impact on blue-chip stocks most affected by the outbreak.
Deputy Prime Minister and Finance Minister Heng Swee Keat unveiled on Tuesday a special S$4 billion package to help companies with their cash flow and to keep jobs.
He also provided help to the tourism, aviation, retail, food services and point-to-point transport-services sectors, which have been harder hit by the crisis.
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