Singapore’s reserves are for rainy days, COVID-19 already a ‘mighty storm’: DPM Heng

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SINGAPORE: The COVID-19 pandemic is the sort of event Singapore has been accumulating its reserves for, Deputy Prime Minister Heng Swee Keat said, as he explained the need to draw up to S$17 billion from the reserves for measures to protect jobs and support the economy. “We have saved up for a …