Insight

ST rates S'pore's response to Covid-19: Helping businesses to navigate tumultuous times

A worker packing newly made masks at a facility which used to be a showroom for printing equipment, in August 2020. ST PHOTO: LIM YAOHUI
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SINGAPORE - With the Covid-19 pandemic springing frequent surprises amid already imperfect information about the rapidly changing global situation, difficult decisions had to be made about the industries that would get more help and how businesses could navigate the tumultuous times.

Policymakers were decisive and made tough calls when it came to protecting the public and ensuring key businesses would be able to continue operating, for instance by providing the necessary financial support to ensure that jobs would be preserved, businesses and experts said.

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