Heng Swee Keat

DPM Heng called on regional leaders to work together to harmonise standards and facilitate cross-border transactions.

Distributable incomes of the REITs, held low by rental relief, could rebound.

The overall economic outlook remains highly uncertain

The Ministry of Manpower and GovTech have also developed a digital financial planning service - MyMoneySense - based on SGFinDex.

This is designed to raise the general level of cybersecurity for individuals, communities, enterprises, and organisations here.

As part of the scheme, Singapore residents will be able to earn as much as $380 by completing goals and tasks set within the app.

The previous five-year plan was $19 billion

“This is a much-needed steroid shot, where the government is using a holistic approach to reach out to firms already under stress,” says OCBC’s Head of Treasury research and strategy, Selena Ling.

This second supplementary budget, announced less than a fortnight after the massive $48.4 billion “shock and awe” budget on March 26, was deemed necessary because of how rapidly the Covid-19 outbreak was evolving.

"I expect firms to make use of this Jobs Support Scheme support to continue paying your workers and refrain from putting workers on no-pay leave during this period, or worse, retrenching them," Heng said.