Singapore to releases $1.5b support package.

Singapore is committing S$1.5 billion on inflation relief for businesses and households, as global prices climb faster than earlier projected and are likely to stay high. The support package, announced by Deputy Prime Minister Lawrence Wong on Tuesday, will be funded from Singapore

's better-than-expected fiscal position in FY2021, the Ministry of Finance (MOF) has said. There will be no drawdown on the nation's past reserves. "The situation is highly fluid and the government will continue to monitor it closely and adjust our measures and programmes as necessary," said Wong, who is also Finance Minister. That's as he warned...