S$48b support package could be reviewed nearer year end: PM
Government ready to draw on reserves again if needed; it could also extend, modify, raise or pare support package later on
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IT is "quite possible" that Singapore may have to do even more to help people and businesses cope with the coronavirus pandemic if the situation worsens, said Prime Minister Lee Hsien Loong on Friday, adding that the government is ready to turn to the reserves once again if need be.
He said the different components of the mammoth S$48.4 billion Resilience Budget, announced by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Thursday, are designed to last until the end of this year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore