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