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Economists stay cautious even as Singapore readies to unveil another round of relief measures in Solidarity Budget

Amala Balakrishner
Amala Balakrishner • 4 min read
Economists stay cautious even as Singapore readies to unveil another round of relief measures in Solidarity Budget
Some 1.3 million workers could go into “cold storage” as Singapore goes on a month-long circuit breaker.
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SINGAPORE (Apr 5): Businesses and households can look forward to another slate of relief measures that will be “over and above” the $55 billion already doled out to help Singapore weather the Covid-19 storm.

Deputy Prime Minister and Finance Minister Heng Swee Keat will unveil this third round of relief measures when Parliament sits on Monday.

Already, Singapore had announced relief measures in Budget 2020 on Feb 18 and the supplementary “Resilience Budget” on March 26, which served to inject a much-needed boost into the city state’s ailing sectors, including aviation, tourism and hospitality.

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