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

COVID-19

Economics

Lifestyle

Kenneth Lou

Asked on 26 Mar 2020

Would it the second SG Government stimulus package be effective?

What are you looking forward to? Where would like to see most help given?

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated on 26 Mar 2020

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.

0 comments

ūüĎć 2