Welcome!
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.
April 05, 2020
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”.
March 27, 2020
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.
March 26, 2020
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.
March 26, 2020
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.
March 26, 2020
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
March 26, 2020
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.
March 26, 2020
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
February 18, 2020
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.
October 30, 2019
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.
September 19, 2019