Singapore's Budget 2020 - coming at a time of heightened uncertainty - was highly anticipated and did not disappoint: It is a thoughtful policy response, with a good balance of short-term measures for businesses and the workforce hit by the coronavirus outbreak, and long-term strategies to build Singapore's resilience and provide social safety nets.
My favourite part of the Budget is the bold and significant announcement by the Government that it will phase out internal combustion engine (ICE) vehicles by 2040, which took many industry observers by surprise, towards the end of Deputy Prime Minister and Finance Minister Heng Swee Keat's 21/4-hour speech.
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