Extra stimulus for aerospace, aviation and tourism sectors; Singaporeans to get S$320m worth of local tourism credits

SINGAPORE: The Singapore Government will be pumping in additional funding to help the aerospace, aviation and tourism industries - three of the hardest-hit sectors - amid the COVID-19 pandemic, Deputy Prime Minister Heng Swee Keat said in a ministerial statement on Monday .

“Singapore’s position as a global business node depends on our connectivity as an air hub. The Changi Air Hub and its adjacent industries contribute to over 5 per cent of Singapore's GDP and employ more than 190,000 people. Tourism adds vibrancy to our retail and F&B sectors.” “This will provide cost relief for our airlines, ground handlers, cargo agents, and airport tenants. This package will also support our local carriers to regain our air connectivity to the world,” Mr Heng said.For example, workers who cannot work right now have been deployed to other areas in need of manpower where their skills are relevant.

This temporary redeployment programme will be expanded, he said. In healthcare alone, the Government will create around 4,000 new jobs, including permanent positions.Pointing out that foreign visitor arrivals have dried up because of the travel restrictions, Mr Heng said it will support the tourism sector by encouraging locals to explore their own backyard, although he acknowledged that local consumption will not make up for spending by foreign tourists.

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