COVID-19: $5.1 billion Solidarity Budget unveiled to help Singapore economy through circuit breaker period

  • L
    LCTA
    500,000 New citizens
    500,000 PR
    500,000 EP and Long term pass
    500,000 SP and short term pass
    2 millions FT all fully employed by CECa employment agencies and their FT superiors at the expense of Singaporeans being underemployed and jobless. What is $500 compare to the millions FT drawing their monthly paycheck.
  • S
    Samuel
    All the hype on labels given to Budgets stimulus packages from #SGUnited,Resilience and now Solidarity sounded very impressive,but totally unnecessary.This partial shutdown or lockdown,not "circuit breaker" may drag on for another month and another $5 billions stimulus package may be needed to ride over this Covid-19 crisis. It is normal for stock exchanges to use a "circuit breaker" when trading cause massive losses,but it is usually for only a couple of hours,before trading resumes.Philipines president did the right move to close the stock exchange to prevent speculation and high risks gambling by wealthy and bank loans investors Just get on with it to deal it without flip-flopping and indecisions,as actions speak louder than words,as lives matter most. Paper scholars are good at painting worst scenarios,but "two steps ahead" actions to prevent severe consequences would have been more effective.
    Private hospitals were banned from accepting foreign patients in order to channel all healthcare resources for locals. However,a quick turnaround was in place due to the increasing numbers of infections at dormitories for foreign workers.They would be well treated as they are now considered "essentials",when the economy picks up. Basically,the infection at the dormitories happened obviously due to the inability of foreign workers to practise 1M social distancing in their sleeping quarters....10 to 12 persons in a room. That was the "Issue",Shedding Tears LW !
  • a
    antipap
    $48 billion Resilience + $6.4 billion Unity + $5.1 billion Solidarity + additional $1.1 billion for the Unity Budget + another $4 billion from Singapore’s past reserves + addition to the $17 billion approved to be drawn from past reserves to fund the Resilience Budget = $81.6b
    OUT OF ALL THESE MAMBO JUMBOs...ONLY 25% GOES TO SINGAPOREANS .......AND FTrash HAS THE HEFTY 75% of the TOTAL BUDGET....because MOST OF THE BUDGETS ARE FOR FTrash COMPANIES & FTrash WORKFORCE....
    SINCE THERE ARE 80% FTrash WORKFORCE and ONLY 20% S'POREAN WORKFORCE.....SO WHO IS TO GAIN MOST!!!!!!!
  • A
    Allan T
    3rd budget is named "solidarity budget"

    2nd is "resilient"

    1st no name ?
  • N
    Ng
    Good that there is more clarity that the 75% wage offset is only for Singaporeans. Just that there are some loopholes for companies as many are sales persons with low basic and based on commission, manufacturing which overtime and allowances can exceed their basic and many other jobs in this nature. System must be modified to ensure they are covered.
  • m
    mat72
    Why he announce $600 when actually it's an extra of $300. The other $300 is from part of the earlier 2 budget announce. Playing words...
  • M
    ML
    Pls waive all utilities charges for the next 3 months. As all will need to use more electricity for online working n study, fan to cool down etc.. water and gas to drink, use, cook at home. 😅🙏
  • F
    Fried
    for the newly unemployed, the monthly HDB conservancy charges are a burden, but cant give more rebates as afraid the Condo people will ask for rebates too?
  • K
    KNS
    This apply to Singaporean only, right ? PR should not have it to ensure there is a gap difference in this because many PR will not loyal to Singapore since they have back up plan at their own country.
  • E
    Edmund
    Despite the the Govt raising the wage subsidy for all firms to 75% of gross monthly wages for the first $4,600 of wages paid in April, for each S'porean staff, a renowned social enterprise has put a substantial number of its staff on enforced paid leave from today (6 April) until the end of May. Can MOM please look into this?