S$200m fund to boost donations and S$1.1b bonus to mark Bicentennial
Singapore
THE government will start a S$200 million Bicentennial Community Fund to support a spirit of giving back as the Republic marks the Singapore Bicentennial.
Making the announcement on the fund - one of two initiatives introduced to encourage more generous donations - Finance Minister Heng Swee Keat said on Monday that the government would provide a 50 per cent personal income tax rebate, subject to a cap of S$200, for the year of assessment 2019.
"I have set the cap at S$200 so that the benefits go mostly to middle-income earners," the minister said in delivering the …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise