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What are you looking forward to? Where would like to see most help given?
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Kenneth Lou
26 Mar 2020
Co-founder at Seedly
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In parliament today, it seems like the government (Minister Heng Swee Kiat) will be taking the stage to announce some packages for the public today. It's a pretty drastic move as there are many problems which are being caused by the current COVID-19 virus.
My guess would be in TWO parts:
I will update this portion once it's out in full with the delivery of the speech later today.
Businesses:
Industry focus will be first on the most impacted sectors (F&B, Retail, Hospitality, Travel, MICE events)
Packages with focus on keeping jobs (training rebates, wage credits etc)
Packages to focus on suriving and reducing costs (rental rebates, tax rebates etc)
Consumers:
Re-skilling and upskilling during the dowturn
Job support schemes
Overall it does look like its going to be a very tough period for the country as we head into a semi-lockdown situation as we currently are in right now.