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Burden of GST hike falls on better-off, will not change effective rate at the bottom: Wong THE burden of the upcoming goods and services tax (GST) hike will mostly be borne by the well-off, as offsets will ensure that the effective GST rates for low income households remain unchanged, said Finance Minister Lawrence Wong in Parliament on Wednesday (March 2).
Singapore could take action to tackle higher costs arising from war in Ukraine: Wong SINGAPORE is closely watching external economic risks to growth and inflation, and will not hesitate to take steps to protect jobs and to help with higher costs, Finance Minister Lawrence Wong said on Wednesday (Mar 2), in the wake of Russia's invasion of neighbouring Ukraine.
MOM defers migrant domestic workers' medical exams to ease healthcare industry pressure THE Ministry of Manpower (MOM) on Wednesday (Mar 2) announced it will defer the 6-monthly medical examination for migrant domestic workers and other female work permit holders, in a move to ease patient load and pressure faced by healthcare providers.
CDL commits undisclosed investment sum to Sydney's Taronga Ventures CITY Developments Limited (CDL) has committed an undisclosed sum of investment to venture capital firm Taronga Ventures for its Asian built environment technology fund, RealTech Ventures Fund.
Singpass to get new feature; GovWallet to be expanded BUSINESSES will soon be able to easily retrieve their corporate information through the Singpass app, including business registration, shareholder data and information on awarded government contracts.
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Singapore stocks fall 1% as Russia's invasion amplifies growth, inflation risks
SINGAPORE shares fell on a renewed bout of selling pressure as oil barrelled past a 7-year peak of US$110 a barrel amid the worsening Russia-Ukraine crisis, further amplifying the world's growth and inflation risks.
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