South China Morning Post reported that unemployment here stands at 2.9 per cent, up from 2.4 per cent in the January-March period and not far off the 3.4 per cent peak during the Financial Crisis
The new set of measures, announced almost three months after the last package, adds to Singapore's total pledged pandemic aid of almost S$100 billion
Singapore trade minister also cautioned that the current crisis is unlike the 1998 Asian financial crisis or 2009 global financial crisis
On a year-on year basis, gross domestic product (GDP) plummeted 12.6 per cent, preliminary data from the Ministry of Trade and Industry showed on Tuesday. Economists had forecast a 10.5% contraction
However, initial trends suggested a tougher contest than expected, with the Opposition parties' vote share rising significantly in key GRCs
The principal Opposition, the Workers' Party, put up a good fight in key group representation constituencies (GRCs), increasing its seat tally to 10 against the earlier six
Selected activities such as home-based businesses, laundry services and barbers will be allowed to operate from May 12.
The dismal figures were the latest signs that trade tensions between Washington and Beijing are having a major impact on export-reliant economies across the world.
The Singapore dollar is particularly exposed to investor expectations of future growth trends as the country's central bank uses the currency as a monetary policy tool instead of interest rates
The country's economy contracted by 4.1 per cent in the third quarter on a seasonally adjusted annualised basis
Latest drop was the largest quarterly decline since home prices slid 4.7% in the second quarter of 2009
Weak global demand and domestic challenges such as a labour shortage have dragged on growth