SINGAPORE: The Government is ready to deploy a third stimulus package if the COVID-19 outbreak in Singapore deteriorates, Deputy Prime Minister ...
In his initial Budget announcement on Feb 18, the minister had already pledged S$4 billion to measures aimed at stabilising the economy amid near-term uncertainties caused by COVID-19."For now, let's concentrate on making the best use of what we already have in the resilience package," Mr Heng added on Monday, calling it a"very substantial" package."In fact, one reason I am here today is to look at how the aviation industry is making use of this package.
More than S$400 million will go to a jobs scheme that will see see the Government pay up to 75 per cent of the first S$4,600 of a worker’s monthly wages. "The CEOs of the different parts of the aviation industry are coming together to develop plans, including plans in R&D , staff training and job redesign to emerge stronger," he said.Affected staff are also being re-deployed to other departments or organisations that need more manpower during the outbreak. This includes roles like customer service, contact tracing and hygiene ambassadors at hawker centres.
SIA is one company in the aviation sector to have re-deployed staff across departments. Some cabin crew are volunteering with the social media team and at the ticketing office in ION Orchard, both of which have seen a spike in customer queries. Mr Heng said medical experts have warned him that the outbreak is"not likely to go away very quickly".
"At this point, MAS estimates our core inflation will be low, and that we can afford to keep the exchange rate at zero appreciation with no change to the width of the band."
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