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Daily Debrief: What Happened Today
GST hike 'not an option that we have taken lightly': Heng Swee Keat
THE upcoming hike in the Goods and Services Tax (GST) is essential to keep Singapore in good long-term fiscal health and was "not an option that we have taken lightly", said Finance Minister Heng Swee Keat in Parliament on Thursday.
Unwise to amend rules on land sales proceeds, net investment returns: Heng Swee Keat
SINGAPORE'S approach to land sales proceeds and using the returns on its national reserves strikes a balance between present needs and preserving these resources for future generations, said Finance Minister Heng Swee Keat in Parliament on Thursday.
S'pore not going cashless 'for its own sake' but for economic competitiveness: Vivian Balakrishnan
DR Balakrishnan was responding to Desmond Choo, a member of the People's Action Party and mayor of the North East District of Singapore, who had asked if Singapore's Strategic National Projects - among them e-payments - can be used to support future economic transformation especially in supporting the gig and freelance economy.
MAS scraps S$50,000 issue limit for Singapore Savings Bonds
THE Monetary Authority of Singapore (MAS) has removed the S$50,000 cap on the maximum amount an individual can hold of each issue of the Singapore Savings Bonds with effect from today.
Sentosa Cove penthouse sold at S$2.4m loss
A TWO-LEVEL penthouse located at the sixth-storey of The Berth by the Cove, has been sold for S$3.25 million, or S$1,105 per square feet (psf), at Edmund Tie & Company's auction on Feb 28 - albeit at almost half its original value.
Singapore looking at investor protection rules for cryptocurrencies
Singapore's central bank is assessing whether additional regulations are required to protect investors in cryptocurrencies, an official said in a speech on Thursday.
3 in 4 SMEs say proposed GST hikes not an issue: DBS poll
IN a poll of 240 SMEs, the majority of respondents said that they were confident of weathering the hike, with the help of new grants such as the Productivity Solutions Grant (PSG) and the Enterprise Development Grant (EDG) to provide some relief.
- KrisEnergy narrows FY17 loss to US$139.2m
- Clearbridge Health full-year loss widens almost 4 times to S$7.47m on fair value loss, non-recurring expenses
- Singapore Medical Group more than triples full-year profit to S$8.5m, proposes 1-for-20 rights issue
- InnoTek declares one S cent dividend as Q4 earnings fall 42% to S$2.8m
- EC World Reit's Q4 DPU rises to 1.5 S cents; to buy e-commerce logistics asset for S$31m
- Vard sinks deeper into the red with 131m kronor Q4 loss
The STI today
Singapore shares close 0.12% lower
SHARE prices in the Singapore bourse closed lower with the key Straits Times Index falling 4.09 points or 0.12 per cent to 3,513.85.