Business Strategies Group

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Singapore rolls out “Solidarity Budget”

Singapore, 7th April: Singapore has announced a month-long closure of non-essential workplaces from 7th April until 4th May. The government will also extend even more financial support for businesses and employees.

Following the S$6.4 billion (US$4.5 billion) “Unity Budget” in February and the US$48.4 billion (US$34 billion) “Resilience Budget” in March, additional financial support, the “Solidarity Budget,” will offer a $S5.1 billion (US$3.6 billion) boost to the economy.