Singapore laying the groundwork to bounce back after crisis

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Even as Singapore wages war on the coronavirus, the country wants to build resilience and be ready to seize opportunities that are emerging, Deputy Prime Minister Heng Swee Keat said yesterday. That is why, apart from the billions set aside to help Singaporean families,...

Task force members will include business leaders with experience in areas such as digitisation and connectivity. Their job will be to look ahead, identifying trends and responding to structural shifts in the economy.

Rounding up the debate on the Supplementary Budget, Mr Heng told the House the current crisis is unprecedented - as is the Government's decision to roll out, in 48 days, three aid packages with the Unity, Resilience and Solidarity budgets.Nearly $60 billion has been set aside to help Singapore ride out the storm - the largest amount the country has ever spent in a financial year.

And for Singaporeans, this means saving jobs and easing cash flow needs, especially for the most vulnerable.

 

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