Following the COVID-19 hit worldwide, the Singapore government came forward with four budgets in total to help the nation curb the economic hit.
The first three: Unity, Resilience and Solidarity Budgets were introduced at various stages before and during the circuit breaker period.
As the 2-month long circuit breaker was planned to be lifted on June 1st 2020, the government announced the most recent Fortitude Budget with the aim to help businesses, workers and families adapt to the new normal as the Singapore economy prepares to reopen gradually.
Check out this infographic below to see what businesses can look forward to in the months ahead:
Ease of Doing Business: Singapore vs. Hong Kong