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Cash payouts a much-needed 'steroid jab'

Market watchers say moves by government aim to raise confidence

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Mindy Tan

Mindy Tan

Published Thu, Mar 26, 2020 · 09:50 PM

    Singapore

    THE various moves by the government to put cash back in the hands of individuals and households is a much-needed "steroid jab" to raise consumer confidence, said market watchers.

    In addition to freezing all government fees and charges for a period of one year, Deputy Prime Minister and Finance Minister Heng Swee Keat unveiled an enhanced Care and Support Package on Thursday which will cost around S$4.6 billion in total.

    Heng Swee KeatCovid-19Singapore Budget 2020

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