With the coronavirus situation continuing to escalate globally, fears and concerns over the virus' economic impact on Singapore remain a primary concern for many industries.

But Deputy Prime Minister Heng Swee Keat stressed that while continued vigilance is necessary, Singapore's response is calibrated and appropriate for the Government's assessment of the evolution and the current trajectory of the virus' impact.

Mr Heng, who is also the Finance Minister, urged businesses to "just take whatever that is already on the table".