Taking Singapore through uncertain storms

WITH the ongoing Covid-19 situation, Singapore is heading towards not just rainy days, but a thunderstorm of unprecedented proportions.

As the coronavirus pandemic continues to wreak havoc on the economy, Deputy Prime Minister Heng Swee Keat unveiled an extraordinary stimulus package to the tune of S$48.4 billion in the form of various measures, grants and relief to support local enterprises, workers and families. The depth and breadth of the supplementary budget demonstrates the government's commitment to tackling the challenges of Covid-19, as well as its leadership and foresight.

Even as the country faces what has been described by DPM Heng as the "worst economic contraction since its independence", the Resilience Budget together with the Unity Budget will empower Singapore to face its challenges head-on and emerge a stronger, more united country that will retain its position as a global hub and the Transformation Capital of Asia.