Tag: package
Written by Gabriel HerveyApril 12, 2020
Bangladesh announces COVID-19 farm relief package, India seen extending lockdown
News Business Article
DHAKA: Bangladesh on Sunday (Apr 12) announced a relief package worth about US$1.7 billion to help farmers struggling because of restrictions imposed to stem the spread of the coronavirus, with neighbouring India expected to further extend its nationwide lockdown. Bangladesh has extended its lockdown by 11 days to Apr 25, a move that could exacerbate
Written by Gabriel HerveyApril 6, 2020
More aid for Malaysian SMEs as Muhyiddin unveils additional RM10 billion package amid COVID-19
News Business Article
KUALA LUMPUR: The Malaysian government on Monday (Apr 6) announced an additional stimulus package worth RM10 billion (US$2.3 billion) to help struggling small- and medium-size enterprises (SMEs) affected by the COVID-19 outbreak. In a live televised address, Prime Minister Muhyiddin Yassin noted that SMEs contributed to 40 per cent of the economy, adding that it
Written by Gabriel HerveyApril 4, 2020
F&B businesses to receive support for food delivery orders with new Enterprise Singapore booster package
News Business Article
SINGAPORE: Food and beverage (F&B) businesses with delivery orders will receive support from a new Enterprise Singapore booster package. The package comes as the COVID-19 situation in Singapore develops, impacting the sales and profitability of such businesses, Enterprise Singapore said in a news release on Saturday (Apr 4). Advertisement Advertisement The Food Delivery Booster Package
Written by Gabriel HerveyMarch 30, 2020
Singapore ready to deploy third stimulus package if COVID-19 outbreak worsens: DPM Heng
News Business Article
SINGAPORE: The Government is ready to deploy a third stimulus package if the COVID-19 outbreak in Singapore deteriorates, Deputy Prime Minister Heng Swee Keat said on Monday (Mar 30). “If the situation continues to worsen, we’ll be prepared to have a third package,” he said. “I would like to reassure Singaporeans that we have the
Written by Gabriel HerveyMarch 27, 2020
COVID-19 aviation support package will help industry ride out crisis: Analysts
News Business Article
SINGAPORE: Analysts have welcomed the S$750 million of support set aside by the Government for the aviation sector, noting that it will help the industry recover more quickly from the blow dealt to it by COVID-19. On Thursday (Mar 26), Deputy Prime Minister Heng Swee Keat announced a S$48.4 billion package – up to S$17 billion
Written by Gabriel HerveyMarch 27, 2020
Malaysia unveils RM250 billion economic stimulus package as COVID-19 cases surge
News Business Article
KUALA LUMPUR: Malaysia has announced an economic stimulus package worth RM250 billion (US$58 billion) on Friday (Mar 27) to weather the impact of COVID-19. Prime Minister Muhyiddin Yassin said in a televised address that the stimulus package comprises special allowances for healthcare providers, one-off cash aid and microcredit scheme for small- and medium-size enterprises, among others. Advertisement Advertisement
Written by Gabriel HerveyMarch 27, 2020
COVID-19 Resilience Budget: ‘Landmark’ S$48 billion package to tide Singapore through ‘unprecedented’ crisis
News Business Article
SINGAPORE: A public health crisis, an economic shock and a social test rolled into one – the COVID-19 outbreak has been an “unprecedented crisis of a highly complex nature”, Deputy Prime Minister Heng Swee Keat said on Thursday (Mar 26) as he announced what he called a Resilience Budget to help deal with the situation.
Written by Gabriel HerveyMarch 26, 2020
President Halimah Yacob gives ‘in-principle support’ to draw on reserves for second COVID-19 assistance package
News Business Article
SINGAPORE: President Halimah Yacob has given her in-principle support for Singapore to draw on its past reserves, as part of a second assistance package in response to the COVID-19 pandemic. In a message to Parliament – delivered by Speaker of Parliament Tan Chuan-Jin on Thursday (Mar 26) – the President said her support was given
Written by Gabriel HerveyMarch 25, 2020
US Congress, negotiators reach deal on US$2 trillion COVID-19 aid package
News Business Article
WASHINGTON: US senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impact of the coronavirus outbreak, White House official Eric Ueland said early on Wednesday (Mar 25). “We have a deal,” Ueland told reporters after days of negotiations on the package, expected to be worth US$2
Written by Gabriel HerveyMarch 17, 2020
More wage support, direct rental rebates on businesses’ wish list for second relief package
News Business Article
SINGAPORE: More wage subsidies, relief on rent and foreign worker levy, as well as broader bridging loan programmes are among the types of aid that business owners, industry groups and economists hope the Government would prescribe in its second stimulus package. Amid a deepening global spread of COVID-19, they are also hoping for help to
Written by Gabriel HerveyMarch 16, 2020
SGX unveils S$5 million care package as part of COVID-19 relief measures
News Business Article
SINGAPORE: The Singapore Exchange (SGX) has rolled out a S$5 million care package to “provide support and relief measures amid the COVID-19 outbreak”. The SGX care package will benefit national healthcare-support programmes, Singapore-listed companies as well as SGX employees and contract staff. Advertisement Advertisement The move is aimed at bolstering “efforts by the financial community to
Written by Gabriel HerveyMarch 12, 2020
Second stimulus package in the works as global economy, COVID-19 situation worsens: DPM Heng
News Business Article
SINGAPORE: The Government has started working on a second stimulus package about 10 days ago as both the global economy and COVID-19 outbreak have worsened since the first package was announced three weeks ago, said Deputy Prime Minister Heng Swee Keat on Wednesday (Mar 11). During the Budget statement on Feb 18, Mr Heng had unveiled
Written by Gabriel HerveyMarch 11, 2020
Australia unveils US$1.6 billion health package to combat coronavirus
News Business Article
SYDNEY: Australia unveiled a A$2.40 billion (US$1.56 billion) health package on Wednesday (Mar 11) that proposes to set up fever clinics and offer cost-free facilities for people to consult doctors over video calls, as it combats the spread of the coronavirus. “Just under US$1.2 billion of that will actually, we anticipate, be spent this financial
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Commentary: Malaysia’s latest stimulus package provides huge relief but is only enough until May
SINGAPORE: Malaysians have lived in extreme uncertainty and fear since the country came under a type of lockdown beginning Mar 18, when the Movement Control Order came into effect. These restrictions were slapped to slow the spread of the COVID-19 outbreak. As at Mar 31, Malaysia has seen 2,766 infections and 43 deaths. With