CoronavirusSingapore adds $5.8bn of COVID aid as 'hub' economy stutters
Aviation and tourism sectors take priority in fifth round of stimulus
After a dramatic election and a big coronavirus-driven plunge in second-quarter GDP, Singapore's government is serving up more economic support. © Getty Images
DYLAN LOH, Nikkei staff writer
August 17, 2020 19:08 JST
SINGAPORE -- Singapore on Monday earmarked a further SG$8 billion ($5.8 billion) worth of support for businesses and residents after the city-state's economy saw its worst quarter on record -- contracting 13.2% on the year in the three months through June.