Dear readers, today is an important day for Singapore. Today is 2020 Singapore Budget Day. In a year where many expect the Singapore General Elections to be called, many expect that this year’s budget will be an election budget defined as the last budget before the Singapore General Elections due to be called by Year 2021.
At the same time, with the development of the Covid-19 in January 2020, it is no surprise (and the government has already informed) that there will be measures announced during Budget 2020 to help businesses and employees mitigate the fallouts of the Covid-19 episode.
I believe the already lacklustre Singapore stocks markets will be be rather quiet this morning with investors keenly following the Budget 2020 speech commencing 3pm tomorrow. For example, some investors will be looking at whether some Singapore industries may be possible plays arising from the Budget 2020.
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