Foremost in his concerns is jobs, acknowledges Heng who unveiled a $4-billion Stabilisation and Support Package to help workers and businesses deal with near-term economic uncertainties. Of this, $1.3 billion is set aside through a Jobs Support Scheme for some 1.9 million Singaporeans and permanent residents.
SINGAPORE (Feb 21): Businesses, workers, families and front-line agencies are set to get a helping hand from Budget 2020 in dealing with the economic uncertainty of the ongoing novel coronavirus outbreak through a $6.4 billion package.
This is in a bid to stabilise Singapore’s economy and cushion the implications of the outbreak which has already affected tourist arrivals and disrupted global supply chains since it broke out last month, Deputy Prime Minister and Finance Minister Heng Swee Keat revealed in his Budget 2020 speech on Tuesday.
