"We have saved up for a rainy day. The COVID-19 pandemic is already a mighty storm and is still growing,"says Mr Heng.
"It is a 'black swan' event that comes only once every few decades."
The Government has obtained the President's in-principle support to draw up to S$17 billion to fund the additional measures under these "exceptional circumstances".
The only other time Singapore had drawn on past reserves was during the global financial crisis, when President approved S$4.9 billion to be drawn.
“Should it become necessary, I am prepared to propose to the President further draws on past reserves to deal with the situation.”
https://www.channelnewsasia.com/news/singapore/covid19-coronavirus-stimulus-budget-heng-swee-keat-parliament-12571140
"It is a 'black swan' event that comes only once every few decades."
The Government has obtained the President's in-principle support to draw up to S$17 billion to fund the additional measures under these "exceptional circumstances".
The only other time Singapore had drawn on past reserves was during the global financial crisis, when President approved S$4.9 billion to be drawn.
“Should it become necessary, I am prepared to propose to the President further draws on past reserves to deal with the situation.”
https://www.channelnewsasia.com/news/singapore/covid19-coronavirus-stimulus-budget-heng-swee-keat-parliament-12571140
CNA
Highlights: DPM Heng Swee Keat delivers statement on COVID-19 stimulus package
SINGAPORE: Deputy Prime Minister and Finance Minister Heng Swee Keat delivered a ministerial statement on Thursday afternoon (Mar 26) on the Government’s additional support measures for businesses and households in response to the COVID-19 pandemic.This second…
[Sent by Gov.sg]
COVID-19: 26 Mar Update
New imported cases: 28 [26 S’pore residents & long-term pass holders, 2 visitors; travelled from Europe, North America, Middle East, ASEAN and other parts of Asia]
New local cases: 24 [10 linked to previous cases, 14 currently unlinked]
Total cases in Singapore: 683
Discharged today: 12
Total discharged: 172
Total remaining in Hospital: 404
Most in hospital stable or improving. 18 in ICU.
Go.gov.sg/moh26mar
Helping Singaporeans affected by COVID-19
- 5 ways workers will be helped through these uncertain times: go.gov.sg/resilience-workers
- More measures to support families and households: go.gov.sg/resilience-families
COVID-19: 26 Mar Update
New imported cases: 28 [26 S’pore residents & long-term pass holders, 2 visitors; travelled from Europe, North America, Middle East, ASEAN and other parts of Asia]
New local cases: 24 [10 linked to previous cases, 14 currently unlinked]
Total cases in Singapore: 683
Discharged today: 12
Total discharged: 172
Total remaining in Hospital: 404
Most in hospital stable or improving. 18 in ICU.
Go.gov.sg/moh26mar
Helping Singaporeans affected by COVID-19
- 5 ways workers will be helped through these uncertain times: go.gov.sg/resilience-workers
- More measures to support families and households: go.gov.sg/resilience-families
www.gov.sg
5 ways the Resilience Budget will help Singapore's workers
Measures will be taken to save jobs, and protect workers and livelihoods.
Rumours that Government is about to raise Dorscon alert level to red are false: S. Iswaran
https://www.straitstimes.com/singapore/rumours-that-government-is-about-to-raise-dorscon-alert-level-to-red-are-false-s-iswaran
https://www.straitstimes.com/singapore/rumours-that-government-is-about-to-raise-dorscon-alert-level-to-red-are-false-s-iswaran
The Straits Times
Rumours that Government is about to raise Dorscon alert level to red are false: S. Iswaran
"Such false information is completely irresponsible," said the minister. Read more at straitstimes.com.
Check this out! - The SG United Jobs portal is “live”! It currently has 3 Virtual Career Fairs on Public Service and Private Sector Jobs. Please help spread word to friends looking for short term or permanent jobs. 🙏! Https://www.sgunitedjobs.gov.sg
Coronavirus: Students to have home-based learning once a week from April as schools step up safe-distancing measures
https://www.straitstimes.com/singapore/coronavirus-students-to-have-home-based-learning-once-a-week-from-april-as-schools-step-up
https://www.straitstimes.com/singapore/coronavirus-students-to-have-home-based-learning-once-a-week-from-april-as-schools-step-up