malaymail.com 02 May, 2021 05:15 am

Singapore PM: Don’t let guard down on Covid-19, another lockdown would be major setback to economic recovery

Singapore PM: Don’t let guard down on Covid-19, another lockdown would be major setback to economic recovery
SINGAPORE, May 2 — Urging Singaporeans to not let their guard down in the light of new community clusters of Covid-19 in recent days, Prime Minister Lee Hsien Loong warned on Saturday (May 1) that another lockdown would be a “major setback” to Singapore’s economic recovery, which is...

Reiterating his May Day message on Friday, Lee said there is a “good chance” that Singapore can achieve 6 per cent or better growth, provided Singapore’s Covid-19 situation remains stable and there are no setbacks to the global economy that is also on track for recovery.Celebrate too early, relax too fast, let your guard down, cause another wave to come — very often worse than the first, and more nasty, drastic measures become necessary,” said PM Lee.On Saturday, Lee said it was the “unremitting efforts and sacrifices” of Singapore’s workers — in healthcare, aviation, construction — who have kept Covid-19 in check.But as the economy recovers, the Government will need to recalibrate its support to more sustainable levels, said Lee.

” In his speech, Lee said the new foundation comes at a time when it is difficult to raise funds for initiatives that support lower-income workers and their families.We plan to more than double the number of workers covered under the progressive wage model in a few years,” said Lee.

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