Tag: Budget 2019

Budget 2019: Developing its own aquaculture will make S’pore more resilient

Food production sectors continue to transform and evolve in the digital age. This is one of the key points in Finance Minister Heng Swee Keat's 2019 Budget Hearing. According to figures from the Agri-Food and Veterinary Authority (AVA), Singapore imports 90 percent of its food...

Budget 2019 – Ensuring a Sustainable Environment for All

Singapore – One of the key points covered by Finance Minister Heng Swee Keat on Monday (February 18) during the Budget 2019 statement was about ensuring a sustainable environment for all. He focused on developing long term plans with investments in infrastructure that will...

Singapore’s Budget 2019: Overview and highlights

Singapore’s Finance Minister delivered the national Budget for 2019 in Parliament on the afternoon of February 18, Monday. Heng Swee Keat said this “is an opportune time to reflect on our history so that we can chart an even better future for our people.” Before going...

GST increase, 9 per cent “not high by international standards”, says Heng

After the unveiling of all the goodies of the budget such as the Merdeka Generation Package and the $1.1b Bicentennial Bonus, (which includes up to $300 in GST voucher-cash that will benefit 1.4m people), Finance Minister Heng Swee Keat announced that the Government will...

As anticipated, booming Merdeka Generation Package for the elderly unveiled

Finance Minister Heng Swee Keat announced during his budget speech that the older generation will receive S$6.1b as part of the Merdeka Generation package to support Singapore's aging population. As Finance Minister Heng Swee Keat delivered the budget, he referred to Singapore as a ‘Sang-Kanchil’,...

Rosy picture for 2019 budget, says Finance minister Heng Swee Keat

Finance minister Heng Swee Keat said that despite the country being confronted by several global uncertainties Singapore is strongest when united. With this show of resilience, the Government will continue to build a caring and inclusive home for Singaporeans, said Heng. While Budget 2019 is forward-looking,...

Significant improvements to education system anticipated in Budget 2019

Education Minister Ong Ye Kung said on Sunday (Feb 17) that there would be major improvements in the education system going forward. On December 27 last year Ong disclosed some of these plans, the first initiative was lessening the student’s exam load and decreasing the...

Raise earnings of low-wage workers to fight high cost of living – SG economists

While the general prices of goods and services rise at a docile tempo, many Singaporeans are still feeling the squeeze due to prickly increases in three major areas – healthcare, food, and education. With the possibility of the goods and services tax (GST) to be...

After Budget debate and cabinet reshuffling, is Finance Minister Heng Swee Keat ready to become 4th PM?

A new Cabinet line-up will be announced once the Budget debate ends in March. With new ministers taking on major roles by the first half of the year, there is mounting speculation that a general election – supposedly slated on January 2021 – will...

2019 national budget may reveal whether or not PM Lee will call for early elections

Speculations abound as to whether Prime Minister Lee Hsien Loong will call for early elections. One writer believes that this year’s national budget, to be rolled out on February 18, may reveal whether this will be so. The next General Elections must be held by...