The Business Times
business-time-50
SUBSCRIBERS

Iran war: Singapore likely to roll out targeted support in Parliament as energy costs rise

Parliament will discuss the committee’s efforts in more detail when it sits April 7

Summarise
google-preferred-sourceAdd BT as a preferred source
Low Youjin

Low Youjin

Published Sun, Apr 5, 2026 · 03:54 PM
阅读简体中文版 (beta)
    • As a highly open and trade-dependent economy, Singapore feels energy shocks quickly through higher logistics costs, price volatility and supply chain disruptions.
    • As a highly open and trade-dependent economy, Singapore feels energy shocks quickly through higher logistics costs, price volatility and supply chain disruptions. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [SINGAPORE] As the Iran war enters its second month, raising the risk of a global energy crunch, Prime Minister Lawrence Wong said last Thursday (Apr 2) that the government will help cushion the impact on households and businesses.

    While he did not provide specifics, he said that existing support measures could be enhanced or brought forward to “provide earlier relief”, with ministers to announce more details when Parliament sits on April 7 (Tuesday).

    Industry watchers said that any additional measures are likely to be targeted, given the uneven impact of rising energy and logistics costs across sectors.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Iran warParliamenteconomyCost of livingBusiness costs

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Those aged below 30 account for the largest share of overqualification.

    More workers in Singapore opt for jobs for which they are overqualified: MOM, NTUC studies

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More