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Daily Debrief: What Happened Today
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
- SG Bonus 'hongbao' of S$100, S$200 or S$300 for all citizens aged 21 and above, depending on income
- Singapore must prepare for 3 major shifts - economy, technology, ageing
- Spending needs to grow in healthcare, infrastructure, security and education
- Singapore to slap carbon tax from 2019, to collect revenue of S$1b in first 5 years
- Singapore to inject initial S$5b into new Rail Infrastructure Fund
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.
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.