{"id":116531,"date":"2020-05-20T11:13:55","date_gmt":"2020-05-20T04:13:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dpm-heng-to-announce-fourth-round-of-measure-to-help-people-businesses-on-26-may\/"},"modified":"2020-05-20T12:16:37","modified_gmt":"2020-05-20T05:16:37","slug":"dpm-heng-to-announce-fourth-round-of-measure-to-help-people-businesses-on-26-may","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dpm-heng-to-announce-fourth-round-of-measure-to-help-people-businesses-on-26-may\/","title":{"rendered":"DPM Heng to announce fourth round of measure to help people, businesses on 26 May"},"content":{"rendered":"


\nAccording to the release, the statement would set out the plans of the government to \u201chelp businesses and individuals adapt and build resilience, in our continuing fight against the Covid-19 pandemic\u201d. Photo:\u00a0facebook.com\/hengsweekeat
\nDeputy Prime Minister Heng Swee Keat is set to deliver this year\u2019s fourth ministerial statement on the government\u2019s plan to help people and businesses tackle the challenges brought about by the Covid-19 pandemic, reported TODAY.
\nThe ministerial statement, which was not described as a \u201cBudget\u201d in the Ministry of Finance\u2019s (MOF) media release, will be delivered in Parliament on 26 May at 3:30pm.
\nAccording to the release, the statement would set out the plans of the government to \u201chelp businesses and individuals adapt and build resilience, in our continuing fight against the Covid-19 pandemic\u201d.
\nHowever, National Development Minister Lawrence Wong described Heng\u2019s upcoming announcement as a \u201cfourth Budget\u201d during a multi-ministerial task force press conference.
\nThe regular annual Budget announced on 18 February was described that way and was dubbed as Unity Budget.
\nAnd while the government\u2019s recent two rounds of spending and other Covid-19 related measures were also not described that way during the initial media statements, they were eventually called \u201cBudgets\u201d \u2013 namely, the Resilience Budget and Solidarity Budget.
\nCommenting on the kind of support that can be expected from the ministerial statement, Wong revealed that firms which remained closed past \u201cPhase One\u201d \u2013 or the first of three phases of gradual resumption of economic and social activities from 2 June \u2013 will be among the beneficiaries.
\n\u201cYou have already seen the key items of the measures that we have extended support to for businesses during the circuit breaker period,\u201d said Wong. \u201cThose items will remain for these businesses that are unable to open in Phase One of the reopening.\u201d
\nIn a Facebook post, Heng said he understands the disappointment of some workers and businesses that would be unable to resume activities immediately once the circuit breaker ends.
\n\u201cFor these workers and businesses, the government will help tide you over this period of continued closure,\u201d he said, noting that details will be unveiled during his statement on 26 May.
\nTo be published on the Singapore Budget website, the full ministerial statement will also be broadcast live on radio and television, said MOF.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…DPM Heng to announce fourth round of measure to help people, businesses on 26 May<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the release, the statement would set out the plans of the government to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116531","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ujx","jetpack-related-posts":[{"id":115416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/third-round-of-support-measures-to-be-announced-under-new-solidarity-budget\/","url_meta":{"origin":116531,"position":0},"title":"Third round of support measures to be announced under new \u201cSolidarity Budget\u201d","date":"April 6, 2020","format":false,"excerpt":"\r Third support measures will be known as the Solidarity Budget and will be announced by Finance Minister Heng Swee Keat today at 3pm.\u00a0 Finance Minister Heng Swee Keat is set to announce the third round of support measures when the Parliament sits today (6 April) to help workers, businesses\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/75-wage-subsidy-under-job-support-scheme-to-be-extended\/","url_meta":{"origin":116531,"position":1},"title":"75% wage subsidy under Job Support Scheme to be extended","date":"April 22, 2020","format":false,"excerpt":"\r Apart from that, employers will receive a levy rebate payout of $750 for each foreign worker in employment. With the \u201ccircuit breaker\u201d measures extended by four weeks, Deputy Prime Minister Heng Swee Keat announced on Tuesday (21 April) that the 75% wage subsidy for companies across all sectors will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-interest-rates-pose-risks-to-property-market-warns-heng\/","url_meta":{"origin":116531,"position":2},"title":"Low interest rates pose risks to property market, warns Heng","date":"February 18, 2021","format":false,"excerpt":"\r Low interest rates pose risks to property market, warns HengThis comes as Singapore\u2019s housing market registered a rapid recovery after the COVID-19 pandemic brought the economy to its worst recession, sparking speculation that the government would once again intervene and roll-out new\u00a0cooling measures. Singapore\u2019s Deputy Prime Minister Heng Swee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Residential-apartments-in-Singapore-v2-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":115448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-unveils-5-1bil-third-support-package-known-as-the-solidarity-budget\/","url_meta":{"origin":116531,"position":3},"title":"Singapore unveils $5.1bil third support package, known as the Solidarity Budget","date":"April 7, 2020","format":false,"excerpt":"\r In total, the government is set to commit $59.9 billion, or about 12% of Singapore\u2019s GDP in a battle against the Covid-19 pandemic. Following the announcement by Deputy Prime Minister Heng Swee Keat, the Singapore government has unveiled a third round of support measures on 6 April to help\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resilience-budget-singaporeans-to-enjoy-3x-more-cash-payouts\/","url_meta":{"origin":116531,"position":4},"title":"Resilience Budget: Singaporeans to enjoy 3X more cash payouts","date":"March 27, 2020","format":false,"excerpt":"\r Meanwhile, the cash payouts for families with young children will also be tripled from $100 to $300 for each Singaporean child. In a bid to help Singaporeans tide over the difficult situation brought about by the Covid-19 pandemic, Deputy Prime Minister and Finance Minister Heng Swee Keat announced that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fortitude-budget-eyes-to-support-workers-business\/","url_meta":{"origin":116531,"position":5},"title":"Fortitude Budget eyes to support workers, business","date":"May 27, 2020","format":false,"excerpt":"\r The $33 billion budget will provide support for workers and businesses to transform, adapt and seize new opportunities. Deputy Prime Minister and Minister for Finance Heng Swee Keat on Tuesday (26 May) unveiled this year\u2019s fourth budget, known as the \u201cFortitude\u201d Budget. 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