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Daily Debrief: What happened today

Published Mon, Jul 4, 2022 · 06:30 PM
    • The GST hike should not be pushed back anymore, but the government is prepared to do more if the situation worsens significantly, said Deputy Prime Minister Lawrence Wong in pParliament on Jul 4.
    • The GST hike should not be pushed back anymore, but the government is prepared to do more if the situation worsens significantly, said Deputy Prime Minister Lawrence Wong in pParliament on Jul 4. PHOTO: SPH

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    Singapore can further enhance S$6.6b GST Assurance Package if need be: Lawrence Wong

    EVEN when taking into account the latest inflation and today’s higher prices, the government stands by its assurance that the majority of Singaporean households will not feel the impact of the Goods and Services Tax (GST) increase for at least 5 years, with the impact for lower-income families delayed by about 10 years.

    Neither recession nor stagflation expected for Singapore in 2023: Alvin Tan

    SINGAPORE is not expected to see a recession nor “stagflation” in 2023, Minister of State for Trade and Industry Alvin Tan told Parliament on Monday (Jul 4).

    Local firms’ Q2 payment performance show improvements for third consecutive quarter: SCCB

    The Business Times turns 50

    Five decades of milestones and moments that shaped Singapore’s success story - told through our headlines.

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    PAYMENT performance of local firms improved for the third consecutive quarter in Q2 2022, according to data from Singapore Commercial Credit Bureau (SCCB) released on Monday (Jul 4).

    Singapore not strutting into poultry farming even as it seeks food resilience: Grace Fu

    SINGAPORE does not intend to go into local poultry production, even as it improves its food resilience, said Minister for Sustainability and the Environment Grace Fu in Parliament on Monday (Jul 4).

    Bigger HDB BTO flats: Clawback on first resale proceeds?

    THE HDB is on track to launch up to 23,000 new flats in 2022. Still, it can be challenging for first-time applicants to secure a built-to-order (BTO) flat, especially a larger unit.

    The STI today

    Local banks lead Singapore shares higher on Monday; STI up 0.8% SINGAPORE shares rose on Monday (Jul 4) amid mixed trading in regional markets, led by strength in financial stocks.

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