FILE PHOTO: Singapore's Finance Minister Heng Swee Keat speaks at a UBS client conference in Singapore, January 14, 2019. REUTERS/Feline Lim
SINGAPORE - Singapore’s finance minister on Monday unveiled more economic support measures worth about S$8 billion to cushion the blow from the COVID-19 pandemic on businesses and workers. “The continued support in our fight against COVID-19 will cost S$8 billion,” Heng Swee Keat said in a speech. “We intend to fund these measures by reallocating monies from other areas, such as development expenditures that were delayed due to COVID-19. There are no plans to draw on past reserves for these measures.”
The island-state, one of the world’s most open economies, has already spent nearly S$100 billion over four budgets aimed at offsetting the impact of the virus this year as it faces its deepest ever recession.Our Standards:
We might have a virus in human now, but in future, we will be challenged by a virus in technology software systems just the same but worse outcome it might prevail.
AWESOME
Da wird Geld in Markt gepumpt, alles zur Verfälschung der effektiven Wirtschaft.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »