President approves draw of up to S$11b from past reserves
Move allows government to support workers, businesses in reopening
Add BT as a preferred sourceSingapore
PRESIDENT Halimah Yacob on Tuesday formally approved the draw of up to S$11 billion from past reserves to fund measures needed to fight Covid-19, saying that this would allow Singapore to support workers and businesses as it works towards reopening safely amid the pandemic.
In a Facebook post announcing her approval of the government's Budget, she added: "While the outlook is still uncertain, I am confident that if we continue to stay united as one, Singapore will come through this crisis stronger and ready for the future."
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Asean+3 has made strong progress on cross-border payment connectivity, but more work lies ahead
Indonesia targets year-end start for US$30 billion clean power exports to Singapore
Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%
