New York City Mayor Bill de Blasio is holding a press conference Monday to update the public on the coronavirus outbreak, which has infected more than 67,500 people in New York City.
Together with the previous two packages, Singapore has set aside 59.9 billion Singapore dollars ($41.7 billion), accounting for around 12% of the country's gross domestic product.
Trump, during a White House briefing, said that 1,000 military personnel would be deployed to New York City and that he would seek more aid for small businesses if relief funds ran out.
"We are not at war. Sailors do not need to die. If we do not act now, we are failing to properly take care of our most trusted asset — our Sailors," Crozier wrote in the letter.
The virus has spread rapidly throughout New York City which has more than 57,159 confirmed cases, accounting for more than 20% of all cases in the U.S.
Robert Redfield, director of the Centers for Disease Control and Prevention, describes the coronavirus pandemic as the greatest public health crisis in a century.
"We have gotten some ventilators in, but right now, we're struggling to have enough for next week," he said, adding that the city needs 15,000 additional ventilators to get through April and May.
"Never in the history of the IMF have we witnessed the world economy come to a standstill," said Kristalina Georgieva, managing director of the IMF, during a press conference on the pandemic.
Read the latest stock market news and analysis on Asia Pacific in regions from Japan, China, Singapore, Australia, to New Zealand. Find business; finance; economy, stocks, and global economy news on CNBC's Asia Pacific page.