Singapore's long-term accumulation of resources and capabilities enables the government to provide a strong backing for Singaporeans in times of crisis. In addition to existing support measures, if the situation deteriorates, the government is prepared to take further action and provide more assistance.
According to a report by Lianhe Zaobao, Singapore Senior Minister Lee Hsien Loong said at an award ceremony on the 18th: "At times like this, we need to pay attention to what is happening in the world. But for things beyond our control, there is no need to be overly anxious. As the saying goes, 'Keep calm and carry on.' Focus your energy on practical actions that each person can take to cope with the situation and strengthen your own security."
For example, households can save on electricity to cope with rising utility bills; students should focus on their studies, building friendships, and personal growth.
However, Lee Hsien Loong pointed out that it is still difficult to determine what will happen next, or how things will eventually develop. Even if the war ends immediately, things will not return to the way they were before the war; it may take months or even years to repair the damage and fully restore energy production and supply.
Earlier, the Singapore government announced a $1 billion allocation to help households and businesses mitigate the impact of the turbulent situation. This includes advancing the issuance of $500 Community Development Council (CDC) vouchers in June this year; providing Singaporeans with an additional $200 special cost-of-living support; and a $200 cash subsidy for private-hire and taxi drivers.
Lee Hsien Loong said that although these measures cannot solve all problems, they do help alleviate the pressing needs of households and businesses. The government will closely monitor developments and is ready to provide more assistance to the people should the situation worsen.
He said: "After years of accumulating resources and building capabilities, we are now in a favorable position to cope with this crisis and help Singaporeans get through these tough times together."