Singapore Budget 2023

About 3 million adult Singaporeans to receive S$100-S$600 Assurance Package cash payments in December

Those who link their NRIC to PayNow by Nov 23 will receive the payouts first, by Dec 5, says finance ministry

Finance Minister Lawrence Wong and other panellists at the ST-BT Budget Roundtable 2023 will discuss social and economic challenges that Singapore faces in the post-Covid era, and how to navigate them amid greater global headwinds.
SINGAPORE BUDGET 2023

Lawrence Wong to discuss workforce, taxes, housing prices at ST-BT Budget roundtable

FINANCE Minister Lawrence Wong will speak about Singapore’s aim to create a more inclusive society and dynamic economy amid global headwinds, at a roundtable organised by The Business Times and The St...

Singapore could conservatively collect between S$12.9 billion and S$14.2 billion of carbon tax revenue between 2021 and 2031.
ESG INSIGHTS

Issue 69: Dealing with Singapore’s coming carbon tax windfall; nudging private capital towards climate adaptation

In this issue: A national climate trust fund could enable the optimal use of carbon tax revenue, while experts urge stronger participation from businesses and investors in addressing climate loss and ...

The government's Budget for 2024 will include ways to help businesses scale up and become more productive and efficient, said Finance Minister Lawrence Wong.

Cost-of-living package leaves out firms; unsustainable to ‘permanently subsidise’ them: Lawrence Wong

BUSINESS costs may have gone up, but the government cannot permanently subsidise firms that are not self-sustaining or profitable, said Finance Minister Lawrence Wong, when asked why the new S$1.1 bil...

The package includes an additional S$200 in CDC vouchers for all Singaporean households.

S$1.1 billion support package with cash, vouchers, rebates to help Singaporeans with rising costs

A NEW S$1.1 billion support package will help Singaporeans – especially lower to middle-income families – cope with rising costs, Finance Minister Lawrence Wong announced on Thursday (Sep 28). There w...

MPs call for even more support for families' housing aspirations.

MPs worry about impact of higher resale grants, suggest more support for families

WORRIED about the market impact of higher housing grants for resale flats, Members of Parliament asked for more data and even more support – particularly for families – during the second day of the Bu...

With BEPS Pillar 2, Singapore will need to consolidate its appeal to global MNEs and reframe its investment promotion strategies.

Reframing Singapore’s investment attractiveness in a post-BEPS world

Given the impact of BEPS Pillar 2, strengthening Singapore’s business ecosystem of SMEs and talents and pivoting its investment promotion focus have become even more crucial

The shortage of talent is a significant constraint – particularly tech talent, where job market demand is outpacing supply, panellists said.
XERO BUDGET ROUNDTABLE 2023

SMEs can tap digitalisation, grants to mitigate rising costs: business leaders

Doing so will also enable SMEs to lay the foundation for a more productive and efficient business

The next generation of business incentives could bring together domestic and regional strengths, offering investors the best of both worlds – all from a base in Singapore.

Global tax changes are a chance for Singapore to rethink investor incentives

THE upcoming shake-up to global tax rules offers Singapore a chance to creatively update policies to stay top-of-mind as a prime destination for investors.

At the ST-BT Budget Roundtable 2023: From left:  Vikram Khanna, associate editor of The Straits Times, Alvin Liew, UOB senior economist, Lawrence Wong, Finance Minister and Deputy Prime Minister and K Thanaletchimi, vice-president of NTUC.
ST-BT BUDGET ROUNDTABLE 2023

The pursuit of economic growth in an environment of rising costs

Transformation and productivity can help firms tackle manpower woes and maintain Singapore’s competitiveness.