Personal Finance
Resilience Budget vs COVID-19: Additional support measures for workers, businesses and households in response to the COVID-19 pandemic
By Seedly  •  March 26, 2020
COVID-19 Coronavirus Pandemic

The COVID-19 Coronavirus pandemic has hit the world hard. 11 March 2019, WHO declared it to be a pandemic, WHO estimates that at least 410,000 around the world were infected.

The world not only reacted with tumbling stock markets, social distancing, blocking of tourist and the fear of the pandemic drove many industries to the brink.

It contracts our economy by 2.2% in Q1, airlines, hotels and tourism venues made losses with little tourist to support the economy.

Events and entertainment venues were also made to shut down 26 March 2020 onwards, as an attempt to contain this enemy of humanity.

With many Singaporeans livelihood on the line, here’s a summary of some of the initiative by the government to address the issue.

Economists estimate that the size of the second stimulus package could fall between S$14 billion and S$33 billion.

If true, this budget will incur

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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