Singapore pumps in S$48 billion to prop up economy

Heng Swee Keat says this economic crisis will be Singapore's defining moment. – EPA pic, March 26, 2020.

WITH Singapore facing an unprecedented crisis caused by the Covid-19 pandemic, which is set to put the largest dent in its economy since independence, the government today unveiled a landmark S$48 billion (RM144.5 billion) package to help workers, businesses and households.

This Resilience Budget comes on top of the S$6.4 billion support package unveiled during the budget last month, to support businesses, workers, households and frontline agencies, Deputy Prime Minister Heng Swee Keat announced in Parliament.

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