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Daily Debrief: What Happened Today

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The increase in revenue in the government coffers from the GST hike will translate to almost 0.7 per cent of GDP per year.

Singapore Budget 2018: GST to be hiked to 9% in "earlier" part of 2021-2025 period
Finance Minister Heng Swee Keat said on Monday that "the exact timing will depend on the state of the economy, how much our expenditures grow,and how buoyant our existing taxes are."


Singapore Budget 2018

Noble gets in-principle nod for 3-year US$700m loan; warns of Q4, full-year 2017 loss
NOBLE Group on Monday said it has reached an in-principle agreement with the group's senior creditors, or "ad hoc group", and fronting bank ING for the provision of a three-year US$700 million trade finance facility.

sentifi.com

Market voices on:


Singapore property stocks show 'fatigue' with surge in en-blocs
A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say.


Electricity retailer Red Dot Power to install 50 EV charging stations by end-2019
SINGAPORE electricity retailer Red Dot Power is investing some S$500,000 to install at least 50 electric vehicle (EV) charging stations in the city state by the end of next year, in a partnership with Finnish charging technology specialist PlugIT.


 

The STI today

Singapore shares close 1.3% up on Monday 
SINGAPORE stocks ended 1.3 per cent higher on Monday, with the Straits Times Index moving up 44.37 points to 3,487.88.


 

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