This year's Budget nudges Singapore companies further down the path to regionalisation. Betting on the region might yield better returns than betting on a few sectors
Opinion editor Chua Mui Hoong noted that this could have been a pure sugar Budget with its huge surplus and SG Bonus for all adult Singaporeans. Instead, Finance Minister Heng Swee Keat coated the sugar with a strong lacing of lemon.
ST interview: Heng Swee Keat on 'money not enough', why statutory boards need to borrow, and being the face of GST hike
On Monday, Finance Minister Heng Swee Keat delivered the Budget speech, during which he laid out Singapore's long-term challenges and announced a GST hike from 7 per cent to 9 per cent, which will kick in between 2021 and 2025.
SPOTLIGHT ON TAXES
If the Goods and Services Tax (GST) is raised, the increase should be phased in gradually to lessen the impact on households, two professional services firms said.
SINGAPORE - The Singapore Institute of Accredited Tax Professionals (SIATP) has called for the upcoming 2018 Budget to introduce targeted tax incentives to boost the nation's productivity and help businesses take advantage of emerging technologies.
Recap: Budget 2017
SINGAPORE - An upgrade for the Bukit Panjang LRT system, greener vehicles and tougher standards for rail reliability were some of the new initiatives the Ministry of Transport announced on Wednesday (March 8).
The maturing Singapore economy is entering a phase where its revenues will grow slowly while an ageing population and the demands of infrastructure will heighten the need to spend.
SINGAPORE - Budget 2017 sets out a strategy for building a better Singapore in a sustainable way, Finance Minister Heng Swee Keat said on Thursday, as he wrapped up the Budget debate in Parliament.