US, Singapore roll out more measures to ease pandemic hit
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" …
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
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
International
US inflation increases moderately in February; consumer spending surges
Fed’s balancing act could see June rate cut in play even with sticky inflation
China’s red carpet draws CEOs but few expect their money to follow
Australia wants businesses to diversify after China scraps wine tariffs
Japan FX chief calls yen’s slump unusual, vows to act if needed
Trump’s meme stock is skyrocketing but for how long?