Resilience Budget

Stay home for Singapore arts

THEATRES are shut. Performers are forced to social distance. The public has to stay home. As far as the National Arts Council is concerned, however, that's no reason to miss out on the best of...

SMEs wait for banks' next move, with rise in government's risk share for loans

THE government will further raise its risk-share of several enterprise loans, as it pulls out all the stops to enhance financing support so that "viable businesses" can continue to have access to...

Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng

DETAILS of another major support package - called the Solidarity Budget - will be announced in Parliament on Monday at 2pm by Deputy Prime Minister and Finance Minister Heng Swee Keat in a...

New laws to compel landlords to pass on property tax rebate

BUSINESSES on Thursday hailed a newly proposed legislation that will ensure non-residential landlords pass on property tax rebates in full to all tenants, with some saying it's long overdue.

MICE players call for higher wage offsets

COMPANIES in the meetings, incentive travel, conventions and exhibitions (MICE) industry have queried their exclusion from the highest tier of a key support measure in the Resilience Budget.

Relief measures offer respite but banks can do more: SMEs

SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to...

Measures won't stave off recession but will contain damage: economists

THOUGH the larger-than-expected S$48.4 billion Resilience Budget will not stave off recession, it will help to contain job losses and position Singapore better for an eventual recovery, said...

S$48b support package could be reviewed nearer year end: PM

IT is "quite possible" that Singapore may have to do even more to help people and businesses cope with the coronavirus pandemic if the situation worsens, said Prime Minister Lee Hsien Loong on...

Behind-the-scenes look at President's nod to draw on reserves

SINGAPORE'S president has given "in-principle support" for the government to draw on past reserves to fund a substantial second stimulus package aimed at rescuing the novel coronavirus-battered...

Businesses get help with cash flow but SMEs want banks to do more

BUSINESSES will get a further shot in the arm to ease cash flow pressure amid the Covid-19 pandemic, but some small and medium-sized enterprises (SMEs) remain concerned that they will not get...

Saving lives and livelihoods while shaping up for the future

THE dire need to safeguard lives - and livelihoods - as countries the world over battle the coronavirus is, as a McKinsey analysis puts it, the imperative of our time.