facebookWould it the second SG Government stimulus package be effective? - Seedly

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Kenneth Lou

Co-founder at Seedly

26 Mar 2020

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Would it the second SG Government stimulus package be effective?

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

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.

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