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Coronavirus

Singapore unveils $4bn coronavirus relief package

Amount dwarfs the $165m that the city committed to battling SARS in 2003

SINGAPORE -- The government here is doubling down on its war against the coronavirus outbreak, earmarking 5.6 billion Singapore dollars (US$4 billion) to help businesses and households as the epidemic threatens to throw the city-state's trade-dependent economy into reverse.

Finance Minister Heng Swee Keat on Tuesday announced a slew of tax rebates and other financial breaks to help companies and individuals cope with the outbreak's fallout.

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