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President approves draw of up to S$11b from past reserves

Move allows government to support workers, businesses in reopening

Published Wed, Mar 17, 2021 · 05:50 AM

Singapore

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…

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