ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more