It is imperative that the government makes it a priority to help small and medium enterprises so that they don’t go under.
The move, made in response to the economic fallout from the Covid-19 outbreak, will see those in the aviation and tourism sectors on the island republic receiving the most. This will be followed by the food and services sector and other citizens. The package will cost the Singapore government a total of S$15.1 billion .
He added the decision to give a one-off RM500 financial assistance to more than 1.5 million civil servants was also questionable, as their jobs and wages were already guaranteed. He noted that under the RM250 billion stimulus package, only about 10% of the amount was a direct fiscal injection by the government.
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