Singapore to roll out 2nd package to COVID-19-hit economy: PM

Singapore is working on a second package of economic measures to help companies and workers to tide over amid a global COVID-19 outbreak, Singapore's Prime Minister Lee Hsien Loong said here Thursday evening.

The package will follow the first one, a 40-billion-SG dollar (about 28.6 billion U.S. dollars) Support and Stabilization Package in the 2020 budget statement announced last month to help businesses, workers and households.

The economy is suffering a serious impact, especially for the hotels, aviation and hospitality industries, he said.

"But nobody has been spared. Everyone feels the impact, to different degrees," he said, adding that the government decided to come up with a second package.

The COVID-19 outbreak in Singapore remains under control.

Lee made his second national address on the situation after the World Health Organization declared the virus outbreak a pandemic earlier.

He noted that Singapore's disease outbreak response level, or DORSCON in short, will not be stepped up to its highest level of red, from the current third level of orange.

The number of confirmed cases in Singapore has neither blown up nor has the virus been eradicated, "despite our best efforts," the prime minister said.

In view of the outbreak globally, Singapore might take more travel restrictions temporarily, "though we can not completely shut ourselves off from the world," Lee said.

Lee also mentioned the baseline things the Singaporeans must get used to, which are practicing good personal hygiene, adopting new social norms, discouraging large gatherings and generally maintain some physical distance from one another.

Besides medical plans, if there is a spike in the number of confirmed cases, additional social distancing measures will be taken, like "suspending school, staggering work hours, or compulsory telecommuting," he added.

Source: China ASEAN Business Council

Singapore is working on a second package of economic measures to help companies and workers to tide over amid a global COVID-19 outbreak, Singapore's Prime Minister Lee Hsien Loong said here Thursday evening.

The package will follow the first one, a 40-billion-SG dollar (about 28.6 billion U.S. dollars) Support and Stabilization Package in the 2020 budget statement announced last month to help businesses, workers and households.

The economy is suffering a serious impact, especially for the hotels, aviation and hospitality industries, he said.

"But nobody has been spared. Everyone feels the impact, to different degrees," he said, adding that the government decided to come up with a second package.

The COVID-19 outbreak in Singapore remains under control.

Lee made his second national address on the situation after the World Health Organization declared the virus outbreak a pandemic earlier.

He noted that Singapore's disease outbreak response level, or DORSCON in short, will not be stepped up to its highest level of red, from the current third level of orange.

The number of confirmed cases in Singapore has neither blown up nor has the virus been eradicated, "despite our best efforts," the prime minister said.

In view of the outbreak globally, Singapore might take more travel restrictions temporarily, "though we can not completely shut ourselves off from the world," Lee said.

Lee also mentioned the baseline things the Singaporeans must get used to, which are practicing good personal hygiene, adopting new social norms, discouraging large gatherings and generally maintain some physical distance from one another.

Besides medical plans, if there is a spike in the number of confirmed cases, additional social distancing measures will be taken, like "suspending school, staggering work hours, or compulsory telecommuting," he added.

Source: China ASEAN Business Council