Clive Chng

In our previous article, we took a glance into what Budget Fortitude would bring to local enterprises and workers affected by the pandemic. Today, we will be looking at the second portion of Budget Fortitude and the respective relief measures set aside for families. The core value behind the Government’s 4th relief measure is to ensure that households are supported and to strengthen the community in these difficult times. Providing assistance to those with immediate needs With many businesses grinded

Fortitude Budget at a glance (for businesses and workers) With Circuit Breaker measures set to end on the 2nd of June 2020, Singapore is taking a cautious and well-considered approach to reopening her economy for fear of a possible second resurgence of the COVID-19 infection in the local community. A fourth budget, the Fortitude Budget was announced earlier this week on the 26th of May 2020, targeted at providing yet another cushion for enterprises. The core agendas supporting the fourth

According to the recent financial report by Monetary Authority of Singapore (MAS), the nation’s economic status is headed for an unprecedented economic recession, with a predicted -4% GDP growth in 2020, potentially the worst hit since the 3.1% contraction seen way back in 1964. With many wages cut and furloughed workers left uncertain about the grim future, the MAS has stepped up yet another bout of fiscal stimulus, this time covering a broader range of loan deferments to cater to

COVID-19, believed to be one of the worst economic contractions since Singapore’s independence has hit home hard. An economy that rose to its glory days due to her attractive social, economic and political climate now faces a very real threat. From the tourism industry to the real estate market, tremors are felt, some stronger than others. Rising up to the situation, the Singapore government has unleashed several bouts of relief packages, assisting not only its people but to cushion the