<p>Singapore unveiled its fourth multi-billion dollar economic stimulus package in as many months on Tuesday to cushion the blow from the COVID-19 pandemic on businesses and households.</p>.<p>The latest package, focused on retaining jobs, is worth S$33 billion ($23.22 billion) and was unveiled by finance minister Heng Swee Keat as the country downgraded its 2020 GDP forecast and faces the deepest recession in its short history.</p>.<p>"We are dedicating close to S$100 billion to support our people in this battle, which is almost 20% of our GDP. This is a landmark package and the necessary response to an unprecedented crisis," Heng said. ($1 = 1.4210 Singapore dollars)</p>
<p>Singapore unveiled its fourth multi-billion dollar economic stimulus package in as many months on Tuesday to cushion the blow from the COVID-19 pandemic on businesses and households.</p>.<p>The latest package, focused on retaining jobs, is worth S$33 billion ($23.22 billion) and was unveiled by finance minister Heng Swee Keat as the country downgraded its 2020 GDP forecast and faces the deepest recession in its short history.</p>.<p>"We are dedicating close to S$100 billion to support our people in this battle, which is almost 20% of our GDP. This is a landmark package and the necessary response to an unprecedented crisis," Heng said. ($1 = 1.4210 Singapore dollars)</p>