Tag: Budget 2020

PSP proposes additional S$11 billion boost for Covid-19 stimulus package

Singapore – Prior to the release of the second stimulus package to be announced by Deputy Prime Minister Heng Swee Keat on Thursday afternoon (Mar 26), the Progress Singapore Party (PSP) disclosed its budget statement proposal which includes an additional S$11 billion provision. On Wednesday...

Landmark supplementary budget package to help businesses severely impacted by Covid 19

Singapore – Deputy Prime Minister Heng Swee Keat announced that businesses severely affected by the Covid-19 pandemic will receive additional assistance through enhanced schemes to help in the rebound process. “As an open economy that’s highly integrated with the global economy, we will be deeply...

Covid-19: Khaw Boon Wan announces support package for taxi and private car hires

Singapore – The Minister for Transport, Khaw Boon Wan, announced the launch of a support package to help taxi and private hire car (PHC) drivers affected by the Covid-19 pandemic. On Wednesday (Mar 18), Mr Khaw took to Facebook to share details on the additional...

Heng Swee Keat meets Workers’ Party MPs during break in Parliament debates

Singapore -- Workers' Party leader Pritam Singh has shared that Deputy Prime Minister and Finance Minister Heng Swee Keat met WP MPs during a break in parliamentary proceedings last week. On Friday (March 6), the WP Secretary-General went to Facebook to share some highlights during...

SDP’s 2020 Budget alternatives, proposes plan to ‘take Singapore forward’

Singapore – The Singapore Democratic Party (SDP) released their take on the 2020 Budget and proposed their plans to "Take Singapore Forward" by addressing the cost of living, foreign PMETs and the CPF. On Wednesday (Mar 4), opposition party SDP, represented by Paul Tambyah (Chairman),...

“This one never says anything new” – netizens not impressed by Tin Pei Ling’s comments on budget statement

PAP Member of Parliament Tin Pei Ling's recent statements on Singapore's 2020 Budget has struck a nerve with some netizens. MP Tin Pei Ling on Thursday (Feb 27) addressed two of her key concerns regarding the 2020 Budget, saying that the Government should cater to...

Lim Tean’s photo of empty restaurant points to larger issue during Covid-19

Singapore – A photo posted by Lim Tean portraying an empty restaurant during peak hours paved the way for concerned citizens to express a more significant issue that should be addressed by the Government. On February 25, Tuesday, lawyer and opposition politician Lim Tean shared...

Possible challenges from Budget 2020 property tax rebate, says ERA

Singapore – The country's leading real estate brand, ERA Realty Network, has commented  on the property tax rebates in the 2020 Budget Statement. In Parliament on Tuesday (Feb 18) Deputy Prime Minister and Finance Minister  Heng Swee Keat had announced special support packages for those...

Budget 2020: PSP proposes another $1 billion to $2 billion to support households

Singapore – The opposition Progress Singapore Party has questioned the basis of specific key points in the 2020 Budget, such as the postponement of the GST increase. On Tuesday (Feb 18), Deputy Prime Minister and Minister of Finance Heng Swee Keat announced the 2020 Budget...

Budget 2020: Cash-flow assistance to enterprises, especially those hit by Covid-19 outbreak

The Stabilisation and Support Package announced by Deputy Prime Minister and Finance Minister Heng Swee Keat in his 2020 Budget will provide cash flow assistance to enterprises, especially those directly affected by the Covid-19 outbreak. "First, I will grant a Corporate Income Tax Rebate for...