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Staying sane with the extension of the Stabilization Phase Covid restrictions
By Finance Smiths  •  October 22, 2021
Not surprisingly, the Stabilization Phase Covid restrictions have been extended for another month due to continuing pressures on the healthcare system. I’m disappointed that the Government did not take a risk to relax the restrictions but instead decided to delay the inevitable by extending them. While I understand their reasons for doing so, I’m not sure whether it would result in a meaningful difference in the long run when we eventually exit the Stabilization Phase anyway. Perhaps they are buying time for the healthcare system to ramp up its medical staff and resource capacity to withstand future spikes in more severe Covid cases. I do feel bad for industries that are taking a massive hit from these on and off Covid restrictions. I reckon the additional support package may be enough to help these businesses and individuals survive another month. But the structural and long-term damage to their financials...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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