SINGAPORE: Singapore unveiled its fourth multi-billion dollar economic stimulus package in as many months on Tuesday to cushion the blow from the COVID-19 pandemic on businesses and households.
The latest package, focused on retaining jobs, is worth S$33 billion ($23.22 billion) and was unveiled by finance minister Heng Swee Keat as the country downgraded its 2020 GDP forecast and faces the deepest recession in its short history.
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