Daily Debrief: What Happened Today
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Singapore's new private home sales fall 58% in Dec on cooling measures, holiday season
BASED on caveats lodged, analysts estimated that property developers sold 643 residential units, excluding executive condominiums (ECs), in December 2021, down 58.4 per cent from the 1,547 units booked in November.
GST hike cannot be put off forever but impact can be delayed: Indranee
SECOND Minister for Finance Indranee Rajah said irrespective of the date the GST hike takes effect, its impact on Singaporeans can be delayed through policy design.
New securities for transfer of official foreign reserves will not increase risks: Wong
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FINANCE Minister Lawrence Wong said various safeguards will ensure that the new securities will not allow the Monetary Authority of Singapore (MAS) to fund government spending or fiscal deficits.
Don't rush into 'hasty legislation' on working from home: Gan Siow Huang
SHE noted that while such arrangements are expected to become more mainstream, "we should not rush into hasty legislation that unintentionally creates workplace rigidity that may impede our economic recovery at this time."
Calls for carbon, plastic credits to be zero-rated among PwC's proposals for Budget 2022
THIS would relieve buyers from incurring irrecoverable Goods and Services Tax (GST) or reverse charges when they purchase offsets, while allowing registered sellers to recover the GST incurred on their expenses, said PwC.
The STI today
STI closes 0.60% higher in 4-day winning streak
THE key Straits Times Index finished a four-day winning streak on Tuesday, advancing 19.32 points or 0.60 per cent to 3,246.37.
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