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The Terminal 5 project had been put on hold in 2020 due to the COVID-19 pandemic, but with air travel demand on the rise again, the Singaporean government is pushing forward with the project.
During his statement, PM Wong highlighted that the government is committed to understanding and mitigating the impact of inflation and living expenses on households. He emphasized that rising costs, particularly in housing, healthcare, and daily necessities, are significant concerns for many Singaporeans. The administration is therefore reviewing existing policies and exploring new initiatives to ensure that economic support is effectively targeted and sufficient to alleviate financial pressures on families.
PM Wong highlighted that these initiatives form part of a broader strategy to address the economic impact of ongoing uncertainties and support Singaporeans through challenging periods. The expanded support package reflects an understanding of the evolving nature of employment and its repercussions on families, particularly in the context of recent economic disruptions and global uncertainties.