Minister Heng Swee Keat noted that aerospace, aviation and tourism are among the hardest-hit sectors in Singapore.
To support these ailing sectors, the government will provide further support to retain core capabilities and position them for an eventual recovery.
He noted that these sectors are important parts of Singapore’s economy, and are multipliers for other sectors.
In particular, Singapore’s position as a global business node depends on our connectivity as an air hub.
The Changi Air Hub and its adjacent industries contribute to over five per cent of Singapore’s GDP and employ more than 190,000 people. Tourism also adds vibrancy to our retail and F&B sectors.
He announced that an additional $187 million will be allocated to the aviation sector to extend the support measures in the Enhanced Aviation Support Package up to March 2021.
This will provide cost relief for our airlines, ground handlers, cargo agents and airport tenants. It will also support local carriers to regain air connectivity to the world.
The Government will also scale up the temporary redeployment programme by creating around 4,000 new jobs, including permanent roles, in the healthcare sector alone.
Featured Image Credit: Reuters
