Lunar New Year decorations at Gardens by the Bay in Singapore. Photo: Reuters
Lunar New Year decorations at Gardens by the Bay in Singapore. Photo: Reuters

How did Singapore pull off its US$19 billion coronavirus Jobs Support Scheme?

  • During lockdown, the city was paying 75 per cent of the first S$4,600 earned by every Singaporean and permanent resident each month
  • The support, which dwarfed schemes in Malaysia and Hong Kong, was made possible by Singapore’s giant reserves, compact size and prescient leaders

Lunar New Year decorations at Gardens by the Bay in Singapore. Photo: Reuters
Lunar New Year decorations at Gardens by the Bay in Singapore. Photo: Reuters
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