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Singapore Budget 2003
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Budget Speech 2003
   
Parliamentary Statement by DPM and Minister for Finance on Help Measures For Singaporeans and Businesses, 29 Aug 2003
 

Helping the Tourism and Transport Sectors

 
52. A second group of businesses that need help are those in the tourism and transport sectors. Tourist arrivals have rebounded strongly since the low point in the second quarter of this year. By the end of August, tourist volumes should be about 85% of pre-SARS levels. But this is partly because the affected industries have cut hotel room rates and airfares significantly. Additional assistance from the Government will help to speed up the full recovery of the tourism and transport sectors.
   
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