The Business Times
business-time-50

Large stimulus likely in Singapore Budget: HSBC

Published Thu, Jan 9, 2020 · 09:50 PM

Singapore

ECONOMIC growth in Singapore is likely to remain subdued in 2020 and this could be the impetus for a fiscal stimulus package that may be the largest in a decade, according to HSBC Private Bank.

The bank is expecting the Singapore government to embark on a "highly expansionary" budget. The deficit may widen to 1.3 per cent of gross domestic product (GDP) on the back of packages aimed at restoring business and consumer confidence.

TRENDING NOW

A house in White House Park that is currently on the market. Bungalows in GCB Areas are subject to strict planning conditions.

Good Class Bungalow market activity picks up pace on ‘realistic’ pricing

Global index provider MSCI has flagged concerns over Indonesian markets’ transparency, ownership concentration and investability.

Indonesia imposes US$116 million in fines over manipulation of Sinar Mas, Prajogo-linked stocks

Acting Minister for Manpower Jasmin Lau has reminded employers of their legal obligations to protect workers from the haze.

Singapore identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu

Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More