Deputy Prime Minister Heng Swee Keat

“We must make these hard decisions, make the difficult adjustments, and do all that we can in the next few months, to protect the lives of our people,” says DPM Heng on the month-long circuit-breaker

SIA plans to offer a three-for-two rights issue at $3 per share, which is a 53.8% discount off SIA’s last traded price of $6.50. It will also raise up to another $9.7 billion from a 10-year Mandatory Convertible Bonds (MCB).

Unfortunately, the package — while helpful — will not be enough to stave off a recession, says Maybank Kim Eng’s senior economist Chua Hak Bin.

Sabrina Sia, leader of global employer services at Deloitte Singapore, notes that the help given out has been specifically tailored to the population sectors that need it the most.

This brings the state’s total relief package to an astounding $55 billion, after factoring in the proposed measures worth $6.4 billion that was previously announced in the Budget 2020 delivered about a month earlier.

SINGAPORE (Feb 21): Finance Minister Heng Swee Keat had to shape Budget 2020 under difficult circumstances. The Covid-19 crisis was a black swan event that no one could have foreseen. It forced policy-makers to sharply rethink their basic assumptions for

SINGAPORE (Aug 14): Singapore wants to strengthen the whole semiconductor manufacturing eco-system to maintain its role as a regional hub.