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Singapore will unveil additional support for businesses and households on Monday, less than two weeks after announcing a S$48 billion ($33.4 billion) stimulus package to buffer the impact of the coronavirus.
The government plans to waive foreign worker levies for April and boost an existing jobs support program, Deputy Prime Minister Heng Swee Keat said in a Facebookpost on Saturday. The measures follow the government’s latestmove to shut schools and most workplaces from this week. Heng didn’t elaborate on other measures or how much authorities will spend.
The government will also be passing legislation on Tuesday in parliament to ensure that previously announced property tax rebates are passed through to tenants. Another bill set to be introduced this week is one that would allow contingency plans to be put in place by the Elections Department to ensure polls can be carried out safely during the outbreak, the Straits Times reported on Friday.
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-1.138 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23