Singapore’s Finance Minister, Heng Swee Keat, delivered the much-awaited Budget statement on Tuesday, 18 February 2020. Singapore Budget 2020 was especially critical given the coronavirus (officially known as COVID-19) outbreak that has affected many Singaporeans. (For the full Singapore Budget 2020 updates, you can check out Seedly’s coverage.) Riding Through COVID-19 Outbreak There will be a S$4 billion Stabilisation and Support package to help businesses and workers affected by the COVID-19 virus, said Minister Heng. Sectors such as tourism, aviation, retail, food services, and point-to-point transport services, which are directly affected by the COVID-19 outbreak, are set to get additional support. For the year 2020, a property tax rebate of 30% will be granted for the accommodation and function room components of licensed hotels and serviced apartments, as well as prescribed Mice (Meetings, incentives, conferencing, exhibitions) venues and tourist attractions. International cruise and regional ferry terminals will get...