Budget 2020: Reactions

Singapore Budget 2020: Supersized relief package for tourism sector

There really isn't much not to like in the relief package pertinent to the tourism sector, not least the supersized amount that far exceeded the expectations of all the analysts.

Yes, the anticipated hospitality property tax rebates and bridging loans bore resemblance to the severe acute respiratory syndrome (Sars) relief handouts in 2003, but that was as far as the similarities went. However, it is not the value of the package that distinguishes it, but rather how balanced the various stimulus provisions are this time round.

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A version of this article appeared in the print edition of The Straits Times on February 20, 2020, with the headline 'Supersized relief package for tourism sector'. Subscribe