Tag: Covid-19 economic fallout

Civil servants won’t receive mid-year bonuses; netizens suggest ministers take another pay cut instead

Singapore – For the first time since 2009, civil servants in Singapore will not be receiving a mid-year bonus this year due to the "unprecedented economic crisis" brought about by Covid-19, said the Public Service Division (PSD) on Thursday (June 18). Members of the...

Trade-reliant Singapore faces a “troubled” future, with ties between countries weakening

Singapore—On Sunday (June 7), Prime Minister Lee Hsien Loong addressed the nation, calling the fight against the coronavirus pandemic “the crisis of a generation,” and telling the public to be ready “for a very different future.” This future, he warned, would likely be a “less...

Heng Swee Keat: S’pore’s financial position will be a lot weaker in years to come

Singapore -- The country's financial position will be a lot weaker in the years to come, according to Deputy Prime Minister Heng Swee Keat an interview with CNA on Wednesday (May 27). Mr Heng, who is also Finance Minister, said the economic fallout from the Covid-19  pandemic...

Chan Chun Sing: Faster economic recovery depends on rapid test kits and vaccine

Singapore — The speed of economic recovery depends on how available rapid test kits would be and the development of a vaccine, said Trade and Industry Minister Chan Chun Sing in an interview with Bloomberg Television on Wednesday (May 20). He said: "If either one of these or...