Economist at UOB Group Barnabas Gan gives his views on the recently announced extra stimulus measures to support the economy in Singapore. Key Quotes “Singapore’s Finance Ministry has announced a fourth round of support measures in the Fortitude Budget to provide further help to businesses, workers and households affected by the COVID-19 outbreak. It plans to inject an additional S$33.0 billion as Singapore embarks on phase 1 easing of the Circuit Breaker measures on 2 June 2020.” “The focus of the Budget is three-fold: (1) to enable Singapore businesses and workers to adapt and to transform; (2) to provide additional support to Singapore’s households and community which have been adversely affected by the COVID-19 pandemic; and (3) to provide funding to frontline agencies to bolster Singapore’s fight against COVID-19.” “To finance this package, the Government will propose a further S$31.0 billion draw from past reserves. This is on top of a plan to draw S$4.0 billion and S$17.0 billion from past reserves as mentioned in the Solidarity and Resilience Budgets respectively. Altogether, a total of S$52.0 billion will be drawn from reserves.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725 FX Street 3 years Economist at UOB Group Barnabas Gan gives his views on the recently announced extra stimulus measures to support the economy in Singapore. Key Quotes “Singapore’s Finance Ministry has announced a fourth round of support measures in the Fortitude Budget to provide further help to businesses, workers and households affected by the COVID-19 outbreak. It plans to inject an additional S$33.0 billion as Singapore embarks on phase 1 easing of the Circuit Breaker measures on 2 June 2020.” “The focus of the Budget is three-fold: (1) to enable Singapore businesses and workers to adapt and to transform; (2) to provide additional… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
