Heng Swee Keat

Covid-19

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.

Covid-19 Resilience Budget

$48.4 bil relief budget to protect jobs and livelihoods but 'cannot prevent an economic recession,' says DPM Heng

DPM Heng says the government's $48.4 billion secondary package "cannot prevent an economic recession as the external health and economic situation will evolve beyond our control”.

Covid-19 Resilience Budget

Singapore to co-fund 75% of tourism sector wages, sets aside $90 mil to boost rebound

Tourism-related industries have had a “difficult time”, says Deputy Prime Minister and Finance Minister Heng Swee Keat.

Covid-19 Resilience Budget

SIA to be rescued via Temasek-backed 'corporate action': DPM Heng

Singapore will do all it can to help SIA and preserve the country’s status as an aviation hub, says DPM Heng Swee Keat.

Covid-19 Resilience Budget

Singapore to spend $15.1 bil to support local workers, retain jobs

As the coronavirus outbreaks worsens, the government will now raise its co-funding of wages for local workers to 25%, with additional support given to the sectors that have been hit the hardest.

Covid-19 Resilience Budget

Government unveils 3 C's to offer additional help to businesses combat Covid-19 downturn

Additional help for businesses under the Covid-19 Resilience Budget

Singapore economy

DPM Heng warns against 'excessive expectations' as Singapore awaits Resilience Budget to save virus-hit economy

“It is important not to have excessive expectations or merely focus on the headline numbers," says Deputy Prime Minister and Minister for Finance Heng Swee Keat.

Budget 2020

Fewer foreign workers can be hired for construction, marine shipyard, process sectors: DPM Heng

“With our declining local labour force growth, foreign workers are a necessary complement, but we must calibrate the inflow carefully, in a way that creates opportunities for Singaporeans," says DPM Heng. #budget2020

Disruption and Digitalisation

Singapore launches maritime portal, urges greater collective action to drive digitalisation, sustainability

SINGAPORE (Oct 30): The Maritime and Port Authority of Singapore (MPA) has launched a one-stop digital portal for maritime regulatory and port services transactions, that is expected to save the shipping industry an estimated 100,000 man-hours annually.

Globalisation

DPM Heng hails greater regional collaboration with Singapore as 'node' of Asia

SINGAPORE (Sept 19):  Against a backdrop of sluggish economic growth, Deputy Prime Minister and Finance Minister Heng Swee Keat is hoping to position Singapore as the global node of Asia, hailing greater regional collaboration to pick up the momentum.
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