READ: Fortitude Budget: S$2.9 billion to boost and extend Jobs Support Scheme; SMEs to get more rental relief
This protected contractors who missed project deadlines, couples who could not hold weddings and tenants who could not do business due to the circuit breaker, he said. READ: Singapore’s fundamentals still strong although COVID-19 could slow foreign investments: DPM Heng "We didn't just make one speech, or hold a press conference, and expect people simply to swallow the bitter pill," he added.At the National Day Rally that year, Mr Lee said then-Prime Minister Lee Kuan Yew used charts and tables to explain to Singaporeans why the recession had happened, how Singapore had lost its competitiveness, and what it had to do to get out of the recession.
This included placing a full-page advertisement in the Wall Street Journal headlined:"Who would be mad enough to invest in Singapore in a recession?" It carried the signatures of nine global heads of MNCs, including Apple, Seagate and Motorola.
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