Monster budget targeted to help retail and F&B

Tomorrow’s Budget is going to be the most closely watched in years, as it will be unleashed during extraordinary circumstances. Will desperate times call for desperate measures? I believe that this year’s Budget will be bigger, bolder and dare I say, a blockbuster.

Written by

Azure Capital Fund Management Singapore Private Debt Fund Singapore Hedge Funds Lyte Fund Terence Wong Blue Suit

Terence Wong, CFA

CEO and Executive Director
Azure Capital

Feb 17, 2020

Tomorrow’s Budget is going to be the most closely watched in years, as it will be unleashed during extraordinary circumstances. Will desperate times call for desperate measures? I believe that this year’s Budget will be bigger, bolder and dare I say, a blockbuster.

Finance Minister Heng Swee Keat pledged more support for those hit hard by the Covid-19 outbreak, particularly the retail and F&B sectors. Let’s hope it is going to be sufficient to help restaurant owners like Tung Lok’s CEO Andrew Tjioe manoeuvre out of this crisis.