Economics

Singapore Boosts Stimulus by S$8 Billion Amid Recession

Relief for consumers, businesses is extended amid pandemic
Measures bring total pledged relief to more than S$100 billion

Pedestrians pass along Orchard Road in Singapore. — Pedestrians pass along Orchard Road in Singapore.
Photographer: Wei Leng Tay/Bloomberg

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By Michelle Jamrisko and Faris Mokhtar

August 17, 2020 at 7:34 AM UTC

Updated on

August 17, 2020 at 10:00 AM UTC

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Singapore Deputy Prime Minister Heng Swee Keat announced additional support measures of S$8 billion ($5.8 billion) to cushion the blow from the coronavirus pandemic, extending wage subsidies and aiming to shore up the hard-hit aviation and hospitality sectors.