SandpiperSandpiperSandpiperSandpiper
  • Expertise
  • People
  • Careers
  • News & Insights
  • Contact
  • Events
The pros and cons of working from home
The pros and cons of working from home
Measuring the business impact of COVID-19 on Singapore
Measuring the business impact of COVID-19 on Singapore

Singapore’s Budget 2020 – welcomed by its citizens

Categories
  • Corporate Communications
  • Financial
  • Government and Public affairs
Tags
  • economy
  • policy monitoring
  • singapore
Singapore's Budget 2020 - welcomed by its citizens
News & insights

Singapore’s Budget 2020 – welcomed by its citizens

19 February 2019

The 2020 Singapore Budget announcement made by the Deputy Prime Minister came just in time as the ongoing Covid-19 outbreak is set to affect the country’s economic growth for this year.

Putting aside S$5.6 billion to alleviate the impact of Covid-19 on businesses and jobs, it outlines five key sectors that will receive additional support: tourism, aviation, retail, food services, and point-to-point transport services sectors.

The Budget also addresses long-term trends, underpinned by major structural shifts, including climate change; declining support for globalisation; the economic rise of Asia; technological advancement; and an ageing society. With the Covid-19 situation still evolving, the Singapore Budget is certainly welcome.

The Singapore government’s proactive approach to ensuring its people are being taken care of, is something that countries around the world can all learn from. “Our nation has built up the capital – financial, human and social – to go the distance. The Singapore spirit is strong and growing. Together, we will advance, as One Singapore.” – Singapore Deputy Prime Minister & Finance Minister Heng Swee Keat.

You may also like:

Measuring the business impact of Covid-19 on Singapore
Does business think Singapore is weathering the Covid-19 storm
Business times views from the top
Lets chat
Share

BEIJING
Suite 1105, Full Tower,
No. 9 Middle East 3rd Ring Road,
Chaoyang District, Beijing, PRC

北京市朝阳区东三环中路9号
富尔大厦1105室

+ 86 10 8591 0056
beijing@sandpipercomms.com

HONG KONG
21/F, The Workst@tion,
43 Lyndhurst Terrace, Central,
Hong Kong

香港中環擺花街43號
The Workst@tion 21樓

+852 3114 6339
hongkong@sandpipercomms.com

NEW ZEALAND
The Hive 2/200,
Market Street North, Hawkes Bay,
New Zealand

+64 21084 40939
newzealand@sandpipercomms.com

SHANGHAI
No 1229 Century Avenue, 6/F, Tower 1.
Century Metropolis.
Pudong New District. Shanghai. 200122

世纪大道1229号, 世纪大都会6层,
浦东新区, 上海市, 上海市, 200122

+86 15507577095
shanghai@sandpipercomms.com

SINGAPORE
#21-02, Prudential Tower, 30 Cecil Street,
Raffles Place, Singapore, 049712

+65 6592 2883
singapore@sandpipercomms.com

SYDNEY
Gateway Tower,
36/1 Macquarie Place, Sydney
NSW 2000, Australia

+612 9098 4321
sydney@sandpipercomms.com

OUR AFFILIATE NETWORK
Bangkok
Berlin
Brusels
Dubai
Frankfurt
Hanoi
Ho Chi Minh City
Jakarta
Kuala Lumpur
London
Manila
Mumbai
New York
Paris
San Francisco
Seoul
Taipei
Tokyo
Yangon
Zurich
logo

OUR AFFILIATE NETWORK
Bangkok Berlin Brussels Dubai Frankfurt Hanoi Ho Chi Minh City Jakarta Kuala Lumpur London  
Manila Mumbai New York Paris San Francisco Seoul Taipei Tokyo Yangon Zurich

Copyright © Sandpiper Terms of Use Privacy Policy