Singapore announces third stimulus package worth $3.6 billion to soften coronavirus impact

Singapore

  • Singapore announced another 5.1 billion Singapore dollars ($3.6 billion) in stimulus to soften the economic damage from the ongoing coronavirus outbreak.
  • Together with the previous two packages, the Southeast Asian country has set aside 59.9 billion Singapore dollars ($41.7 billion), accounting for around 12% of the country’s gross domestic product.
  • Deputy Prime Minister and Finance Minister Heng Swee Keat announced measures that include wage subsidies for all companies, rental waivers and cash payout for all adult Singaporeans.

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