SGX rolls out $5m care package amidst outbreak

Most will be used to support listed companies and the bourse’s frontline staff.

Singapore Exchange (SGX) launched a $5m care package to provide support and relief measures as businesses are hit by the COVID-19 outbreak, according to a press release.

To be given out over 12 months, $3.5m will be used to provide support to Singapore-listed companies as well as SGX employees and contract staff. This will be provided in particular to frontline staff such as cleaning and security crew.

The remaining $1.5m will be donated to national healthcare support programmes, including The Courage Fund facilitated by the National Council of Social Service and its fundraising arm, the Community Chest.

Its regulatory subsidiary, Singapore Exchange Regulation (SGX RegCo), announced in February that it would give issuers two more months to hold their Annual General Meetings (AGM). The care package will provide additional support to listed firms.