Singapore to spend 6.3 billion USD on supporting families, businesses

April 13, 2020 | 18:02

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About 9 billion SDG (6.3 billion USD) in support will be rolled out to families and businesses in Singapore in April as part of measures to help them overcome difficulties amid the COVID-19 opandemic, said Singaporean Deputy Prime Minister cum Finance Minister Heng Swee Keat.

singapore to spend 63 billion usd on supporting families businesses

Singaporean Deputy Prime Minister cum Finance Minister Heng Swee Keat (Photo:straitstimes.com)

Accordingly, 90 percent of Singaporean adults will receive a one-off payout of 600 SGD (422 USD) on April 14 through their bank accounts.

The rest can provide the Government with their bank details and get the money by April 28, or receive by cheque from April 30 onward.

Heng also noted that all Singaporean firms will get 75 percent of the first 4,600 SGD (3,247 USD) of each local worker's monthly wages subsidised by the Government for April, under the Jobs Support Scheme of the country.

The government is also looking at "various indicators" to see how much more might be needed from the country’s reserves to help Singapore meet the fallout from the pandemic, he added.

He urged businesses and Singaporeans to focus on how to make the best use of the amounts already allocated to ride through this difficult period.

Singapore has announced three financial support packages totaling 59.9 billion SGD (42.1 billion USD) in just less than two months to cope with the pandemic.

Meanwhile, the Health Ministry of Cambodia on April 13 morning confirmed two more cases of COVID-19, raising the total to 122.

VNA

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