Singapore Economic News

[RachelProp]

Fortitude Budget to give more support to jobs as economy edges open

https://www.theedgesingapore.com/news/co...edges-open

[brattzz]

https://www.msn.com/en-sg/news/singapore...spartanntp

total about SGD100b already... :O :O :O

Singapore economy will shrink by 7 per cent, making it Singapore’s worst-ever recession since independence in 1965.

[Mushy]

For the govt,
100B is just the amount dished out to keep everyone going.
Add the amount of lost revenue (airport, ports, tourism, etc)
Add the amount from reduced tax (and reduced/no dividends)
Add the amount from GIC/Temasek portfolio paper losses
What else?
All in just around half a year. And the battle is expected to last for longer, maybe alot longer.

[RachelProp]

Government injects additional $33 billion in Covid-19 relief measures, with focus on jobs

https://www.theedgesingapore.com/news/co...f-measures

[weijian]

https://www.msn.com/en-sg/news/singapore...spartanntp

total about SGD100b already... :O :O :O

Singapore economy will shrink by 7 per cent, making it Singapore’s worst-ever recession since independence in 1965.

When all these has passed, I believe less people will actually complain about the SG Gov (1) collecting too much revenue from the people and producing budget surpluses, (2) feeding housing inflation via their "way of optimizing proceeds" from land sales and then squirreling these sales straight into reserves.

It takes a habit to save money. But really wisdom, to know how to use what you had saved, correctly.

[RachelProp]

Eagle Hospitality Trust to sacrifice distributions for the 'preservation and protection' of portfolio

https://www.theedgesingapore.com/news/co...protection

[RachelProp]

Medtech company Endofotonics raises $12 mil in Series B funding for early gastric cancer detection

https://www.theedgesingapore.com/news/st...l-series-b

[dreamybear]

Looks like quite a number of self-employed/freelancers in SG.
Unfortunately, putting in effort researching and earning income thru' investing is not in the category, perhaps because those income are not taxable(cap gains / dividends).

============

https://mothership.sg/2020/05/self-emplo...-covid-19/
S$3,000 in the bank for more than 117,000 self-employed persons & freelancers in S'pore
May 29, 12:40 PM
"Those who qualify include taxi drivers, private hire car drivers and real estate agents who require help to tide over their loss of earnings during the Covid-19 pandemic."

[brattzz]

yes sir, non-taxable income such as investment gains/dividends, so cannot get help package sir, you never give, so cannot take back.. :O

[RachelProp]

Singapore and China to facilitate essential travel between both countries from early June

https://www.theedgesingapore.com/news/co...early-june