Tag: DPM Heng Swee Keat

Goh Chok Tong thanks “mighty reserves” for “mighty” Resilience Budget

Singapore – Emeritus Senior Minister Goh Chok Tong has taken to Facebook to thank the "mighty" Singapore reserves for coming in handy for the Resilience Budget. On Thursday (March 26), Deputy Prime Minister and Finance Minister Heng Swee Keat released the landmark supplementary budget statement...

Temasek to support Singapore Airlines amid economic crunch due to Covid-19 pandemic

Singapore—The country’s Deputy Prime Minister and Finance Minister, Heng Swee Keat, announced that Singapore Airlines (SIA) is considering corporate action as it deals with the economic fallout from the current coronavirus pandemic that has affected the globe. This action will be supported by state-investment fund...

Landmark supplementary budget package to help businesses severely impacted by Covid 19

Singapore – Deputy Prime Minister Heng Swee Keat announced that businesses severely affected by the Covid-19 pandemic will receive additional assistance through enhanced schemes to help in the rebound process. “As an open economy that’s highly integrated with the global economy, we will be deeply...

Singapore GDP contracts sharply, in warning for virus-hit global economy

by Martin Abbugao Singapore's economy suffered its biggest contraction since the financial crisis during the first quarter as the coronavirus pandemic escalated, data showed Thursday, an ominous sign of the devastation being inflicted on the global economy. The finance minister meanwhile announced Sg$48 billion (US$33 billion)...

DPM Heng: All political office holders to take three-month pay cut

Towards the end of his speech announcing the Supplementary Budget 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat added that all political office holders will take an additional pay cut of two months. This comes up to a three-month pay cut altogether. In his...

DPM Heng, Chan Chun Sing meet business leaders on second stimulus package

Singapore – Deputy Prime Minister and Finance Minister Heng Swee Keat, in a Facebook post on Friday (March 20), noted that the Covid-19 pandemic is having an unprecedented impact on both Singapore’s economy and that of the world. Mr Heng, who had announced a S$4 billion...

With travel restrictions imposed, ministers say “expect the global situation to get worse before it gets better”

Singapore – Ministers have gone to their respective social media profiles to express the implications and rationale for the additional travel restrictions imposed. On Sunday (March 15), co-chair of the multi-ministry taskforce and National Development Minister, Lawrence Wong and Deputy Prime Minister Heng Swee Keat...

DPM Heng reveals timing of General Elections will be affected by worsening Covid-19 situation

“The coronavirus situation and its impact on the economy are likely to worsen, and ensuring Singapore can focus on overcoming the challenges is a major factor in deciding when to hold the general election”, said Deputy Prime Minister Heng Swee Keat in an interview...

DPM Heng Swee Keat shares how LKY was the biggest influence in his life in ‘Be My Guest’ episode

Singapore – Deputy Prime Minister and Finance Minister Heng Swee Keat gave everyone a glimpse of his daily life in the recent episode of Be My Guest and shared how the late Mr Lee Kuan Yew was the most significant influence on his life. The...

Heng Swee Keat meets Workers’ Party MPs during break in Parliament debates

Singapore -- Workers' Party leader Pritam Singh has shared that Deputy Prime Minister and Finance Minister Heng Swee Keat met WP MPs during a break in parliamentary proceedings last week. On Friday (March 6), the WP Secretary-General went to Facebook to share some highlights during...