Each year, in the annual Budget, the government sets aside a total of $ 3 billion as a buffer in the Contingencies Fund and the Development Contingencies Fund to cater for urgent and unforeseen expenditure needs which have yet to be provided for under the Supply Act. With Covid-19, we …
Read More »TL;DW: Here Are Some Key Highlights Of The S$33 Billion Fortitude Budget
DPM Heng Swee Keat recently concluded his Fortitude Budget speech in Parliament today (May 26). In this fourth Covid-19 support package, Mr Heng said that jobs is a key focus, with support for people to learn and up-skill, and the creation of new jobs. Mr Heng noted that the Covid-19 …
Read More »COVID-19 Has People Tightening Their Belts, But Here’s What S’poreans Are Still Spending On
Regular life has been thrown off the rails by Covid-19, and part of its effects is a massive decline in spending. According to the Monetary Authority of Singapore (MAS)’s recent macroeconomic review, about 60 per cent of consumer spending has been affected. With air travel halted and non-essential services suspended …
Read More »5 Benefits Local Entrepreneurs Can Get From Alibaba Cloud
Alibaba is one of the world’s biggest e-commerce companies providing solutions and products that are easily accessible to the masses. Alibaba Cloud is the cloud computing arm of Alibaba Group, which raked in a revenue of USD3.68 billion in 2019 alone—an 84% increase from 2018. Due to COVID-19, they’re offering …
Read More »COVID-19: Foodpanda Waives Commission Fees For 1 Month To Help New Hawkers
Over the last few months, food delivery apps have faced heat for charging steep commissions of 30 to 40 per cent, eating into hawkers’ already-thin margins as they struggle to survive in light of the dining-in ban. Commission fees also serve as a barrier that is currently preventing hawkers from …
Read More »Work From Home Will Come To An End: Here’s How COVID-19 Will Reshape The Office Life
The government recently announced that there will be no further extension to the circuit breaker measure in Singapore and that it’ll be lifted on June 1 as planned. Many Singaporeans were looking forward to resuming life as per normal and return to the office for work. However, the authorities have …
Read More »Apple’s Newest Update Lets You Unlock Your Phone Easily When Wearing A Mask
As the COVID-19 situation continues to develop and wearing face masks becomes the new normal, the iPhone’s Face ID feature has become less effective on account of half your face being covered by a piece of fabric. This means that whenever you’re outside, you’d have to wait a few awkward …
Read More »COVID-19: S’pore To Distribute Improved, Reusable Masks From May 26
Singapore residents will be able to collect improved, reusable face masks from next Tuesday (May 26), as part of the country’s third mask distribution exercise. The free masks can be collected from 24/7 vending machines located at all community clubs until Jun 14. Masks will also be available from all 109 Community …
Read More »COVID-19: Chan Chun Sing On Speeding Up Economy Recovery, Reopening Of S’pore Borders
Economic uncertainty continues to be a concern for Singaporeans as we battle Covid-19. With Singapore’s economy drastically hit by Covid-19 and targeted to enter a recession this year, Minister for Trade and Industry Chan Chun Sing shared his outlook for the economy in a Bloomberg interview on Wednesday (May 20). …
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