DPM Heng’s Next Week Address Isn’t Being Called A Budget Speech To Give More Money

2020-05-20 , 10:24 am

Wait, DPM Heng Swee Keat’s going to give a speech again?

Does that mean…

Maybe, maybe not.

Described as a “ministerial speech”, he will be talking about how the government plans to help businesses and individuals “adapt and build resilience” in the Covid-19 pandemic.

The speech will be given on 26 May 2020 at 3.30pm in parliament.

Interested people can tune in to the TV or radio for a live show, all go to the Singapore Budget website after the delivery to check out the full statement.

But It Could Be About Giving Financial Assistance

According to Todayonline, the annual regular budget, the Unity Budget, was described as one.

However, for the next two rounds, they were not introduced as “Budgets” at first but were eventually named that way.

If that’s not damning enough, the handsome face of Singapore’s fight against Covid-19 also did a spoiler for DPM Heng’s upcoming speech.

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#SpoilerAlert

In the press conference on 19 May, Mr Lawrence Wong described his upcoming speech as the “fourth budget”.

He said that companies which are not allowed to reopen during phase 1 of re-opening can expect the same level of financial support from the government.

So…75% JSS support? Maybe.

DPM Heng also assured businesses and workers in a Facebook post on 19 May, saying that he understands their disappointment and promises to support them to tide over this period of “continued closure”.

He added that they are learning from the case study of other countries which are experiencing the consequences of opening up too quickly.

Businesses Allowed To Resume On 2 June

Here’s a really beautiful infographic done up by the Ministry of Trade and Industry (MTI) showing which businesses are allowed to reopen:

During phase 1, most non-essential shops would have to remain closed, which means bubble tea is still a pipe dream for many of us.

Interesting enough, hairdressers will now be allowed to provide services beyond haircuts. I guess dyeing hair is pretty essential to us.

Yes, if you’re thinking what I thinking…air-condition servicing is now available.

*make calls now to book because there’s a mini pond below your air-conditioning unit*

You can check out the full list at the Go Business Website.

As for those who are still not allowed to open, you’ll have to wait for at least one more month before the authorities might consider moving to phase 2.

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DPM Heng’s Next Week Address Isn’t Being Called A Budget Speech To Give More Money

But It Could Be About Giving Financial Assistance

#SpoilerAlert

Businesses Allowed To Resume On 2 June

Here’s a simplified summary of the South Korea martial law that even a 5-year-old would understand:

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