solidarity budget

S$9b injection for businesses, households in April: DPM Heng

THE government will be disbursing a total of about S$9 billion to businesses and households this month to ease the pain of the Covid-19 outbreak, Deputy Prime Minister and Finance Minister Heng...

One-man-show 'directors' say they're losing out in wage support for self-employed

THE government announced this week its largest-ever cash support scheme for self-employed persons hit by the Covid-19 pandemic, but it may not help those who have fallen through the cracks. One...

S$60b rescue package proof of optimal fiscal balance: Heng

SINGAPORE'S best response to the coronavirus pandemic is to build both economic and social resilience, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Another S$5.1b to ease pressure on firms, households, and to save jobs

A SUPPLEMENTARY S$5.1 billion Solidarity Budget was announced by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Monday, to support households and businesses through the...

T2 operations, Airport Development Levy suspended

SINGAPORE'S Changi Airport will suspend operations at Terminal 2 (T2) for 18 months amid the deepening coronavirus crisis that has reduced the global travel industry to a standstill, Transport...

Firms given more aid to retain workers amid shutdown

COMPANIES will get additional wage support for local employees in April, while their operations are set to slow down or grind to a halt amid a month-long shutdown starting Tuesday.

Relief for businesses is limited by design

THE latest relief measures on foreign worker levies and rents are meant as a targeted buffer during enforced business closures this month, analysts told The Business Times.

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...

S$600 one-off payout for all adult Singaporeans

ALL adult Singaporeans will receive a one-off Solidarity Payment of S$600 in cash, said Deputy Prime Minister Heng Swee Keat on Monday, even as he urged those who do not need the cash to donate it...

Revised FY2020 deficit soars to record S$44.3b

WITH Monday's round of support measures against the novel coronavirus outbreak, Singapore's overall budget deficit for FY2020 is on track to become the largest deficit since its independence.

Freelancers eligibility criteria widened to support more

THE government on Monday widened the eligibility criteria for a new income relief scheme to help freelancers tide through the financial fallout brought on by the Covid-19 crisis, following appeals...