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Which stocks will thrive as the government doles out more wage support?

Uma Devi
Uma Devi • 3 min read
Which stocks will thrive as the government doles out more wage support?
In a Tuesday report, DBS Group Research analyst says companies in sectors other than travel and tourism with a relatively high employee count stand to benefit the most from wage subsidies.
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SINGAPORE (Apr 7): The Singapore government is sparing no expense in protecting jobs, as the city-state heads for its first “circuit-breaker” in history.

The move, which is considered by many to be a partial lockdown, has resulted in the move to full home-based learning for schools, and the closure of most physical workplace premises, save for those providing essential services and in selected economic sectors which are critical for the Republic’s local and the global supply chains.

On Monday, Deputy Prime Minister Heng Swee Keat pulled out all the stops in a bid to protect as many employees as possible from retrenchment or no-pay leave woes.

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