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US, Singapore roll out more measures to ease pandemic hit

Published Mon, Mar 23, 2020 · 09:50 PM

Singapore

AS the Federal Reserve announced on Monday a second wave of stimulus to support the US economy, Singapore will also see a supplementary Budget being delivered on Thursday afternoon.

This comes as both nations attempt to cushion the economic fallout as a result of the Covid-19 pandemic.

"Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate," said the Fed in a press statement on Monday.

Against such a backdrop, the central bank announced that it will buy bonds "in the amounts needed" …

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