BUDGET 2017

Govt to launch third Enabling Masterplan

MORE support is on the way for those with disabilities in Singapore, with the government expected to spend about S$400 million each year on various initiatives to help this group and their caregivers.

SG Budget 2017: FY2016 budget surplus of S$5.2b expected; FY2017 surplus seen at S$1.9b

SINGAPORE is expected to have a budget surplus of S$5.2 billion for FY2016, and this works out to 1.3 per cent of gross domestic product (GDP).

SG Budget 2017: New tiered additional registration fees for motorcycles

THE Singapore government will introduce new additional registration fees (ARF) tiers for more expensive motorcycles, said Finance Minister Heng Swee Keat in Parliament on Monday.

SG Budget 2017: More financial support to boost sports and cultural activities

ASPIRING athletes in Singapore will benefit from an extra S$50 million in grants over five years to help them reach their full potential.

SG Budget 2017: New volumetric diesel duty to be introduced today

A special tax on diesel cars and taxis in Singapore will be permanently reduced by S$100 and S$850 respectively with immediate effect, said Finance Minister Heng Swee Keat in parliament on Monday.

SG Budget 2017: S$1.5b top-up for GST Voucher Fund, S$500m boost for Medifund

THE GST Voucher Fund will see a S$1.5 billion top-up to support the increase in U-Save and other future GST Voucher payments, said Finance Minister Heng Swee Keat on Monday.

SG Budget 2017: Early Turnover Scheme for commercial diesel vehicles to be enhanced

THE Early Turnover Scheme - an initiative to encourage the early replacement of older and more pollutive commercial diesel vehicles - will be enhanced and extended, said Finance Minister Heng Swee Keat on Monday.

SG Budget 2017: Carbon tax on greenhouse gas emissions to start from 2019

THE Singapore government will implement a carbon tax on the emission of greenhouse gases from 2019, said Finance Minister Heng Swee Keat on Monday.

SG Budget 2017: 17 industry transformation maps to be launched in FY2017

SIX industry transformation maps (ITMs) have already been launched, and the Singapore government will roll out the remaining 17 within FY2017, said Finance Minister Heng Swee Keat on Monday.

SG Budget 2017: Govt to spend S$310m to enhance corporate income tax rebate

THE Singapore government will spend an extra S$310 million over Years of Assessment (YA) 2017 and 2018 to enhance and extend the Corporate Income Tax rebate.

SG Budget 2017: Govt to pay out over S$600m through wage credit scheme in March

SINGAPORE companies will continue to receive support from three government schemes to help them manage costs or cash flow, said Finance Minister Heng Swee Keat in Parliament on Monday.

SG Budget 2017: Defer foreign worker levy hikes in marine & process sectors by another year

THE Singapore government will defer the foreign worker levy increases in the marine and process sectors by one more year.

SG Budget 2017: Unemployment rate stayed low at 2.1% in 2016

THE unemployment rate in Singapore remained low at 2.1 per cent in 2016, said Finance Minister Heng Swee Keat in Parliament on Monday.

SG Budget 2017: Economy grew 2% in 2016, within range

SINGAPORE achieved GDP growth of 2 per cent in 2016, which is slightly higher than the 1.9 per cent in the previous year.

Infrastructure demand and consumerism will boost Asean's investment appeal: IE Singapore

THE bustling South-east Asian market and its heavy demand for infrastructure and consumerism will likely ensure the region remains appealing to Singapore firms that want to invest abroad, said a senior director at International Enterprise (IE) Singapore.

Nine more firms offer career support for national athletes

NINE more companies, including the likes of OCBC Bank, Pan Pacific Hotels Group, SMRT Corporation and Raffles Medical, have joined the government's Sports Excellence Business Network, taking the total number of firms on board to 39...

IE S'pore: Internationalisation 'core' to sustaining country's growth

LOCAL e-commerce Shopback is busy spreading its wings across the Asia-Pacific, with Indonesia and Taiwan among the latest additions to the marketing platform's global footprint...
SINGAPORE BUDGET 2017

Two PAP wings offer recommendations for Budget debates

THE People's Action Party (PAP) youth wing and the party's policy forum have penned a position paper that aims to generate input for the upcoming Budget 2017 debates in parliament...

Internationalisation key engine of growth for local firms: IE Singapore

INTERNATIONALISATION has become the key engine of growth and transformation for Singapore companies, International Enterprise (IE) Singapore said on Thursday.

Accountant General Dept's mobile app wins global prize

THE Accountant-General's Department (AGD) of the Ministry of Finance has clinched its first international award - for a mobile app that makes it easier for vendors to do business with the Singapore government...
COLLABORATIVE SOCIETY

Case study: A firm believer in automation to level up

ASK Harry Toh to name one of the biggest challenges in running his family-owned laundry business, and he will cite the ongoing difficulty to recruit enough workers.
COLLABORATIVE SOCIETY

CFE pushes for collaborations that seed innovation and growth

MANUFACTURERS looking for partnership opportunities in Europe have been turning to the EEN Singapore Centre in Bukit Merah, where they can also access technological expertise and information on intellectual property rights.

Most prefer Founders' Memorial to be built at Gardens by the Bay

THE vast majority of Singaporeans who took part in a second round of consultations for the Founders' Memorial say they would like the government to build it at the Bay East Garden of Gardens by the Bay...

Surbana's actions in axing staff not acceptable: Swee Say

THE move by Surbana Jurong - a Temasek Holdings-owned infrastructure consultancy - to publicly label the 54 employees it recently axed as "poor performers" is unacceptable, said Manpower Minister Lim Swee Say on Tuesday...

TPP without US a setback, but impact on S'pore not significant: Hng Kiang

THE withdrawal of the US from the Trans-Pacific Partnership (TPP) mega free trade deal is a "setback" but it doesn't have to be the ultimate outcome for the global trade liberalising agenda...