Tag: Budget

Yuhua resident claims lack of wage support and worries about 10m population

Singapore -- In a Facebook post on Tuesday (June 23), Singapore Democratic Party Treasurer Bryan Lim mentioned a meeting the previous day with residents of Yuhua Single-Member Constituency. Mr Lim highlighted a couple of issues that had been brought up, including those about wage subsidies and...

“Billions for bosses and foreigners but just 100 for us?” Netizens on S$100 Solidarity Utilities Credit

In response to the S$100 Solidarity Utilities Credit, netizens have expressed a mix of sentiments. While some find the amount to be "peanuts," others say that any amount is helpful. A few other netizens, however, have questioned the disparity between the amount of financial aid...

Ending over-reliance on cheap foreign labour, a key issue in the rethinking of Singapore’s economic model

Singapore—In response to the announcement that Deputy Prime Minister and Minister for Finance Heng Swee Keat will be making a ministerial statement in Parliament on Tuesday (May 26) regarding further plans from the Government to extend assistance to businesses and individuals amid the coronavirus...

Calvin Cheng says that drawing from our reserves is like “breaking the piggy bank”

Sharing an analogy of saving money, former Nominated Member of Parliament (NMP) Calvin Cheng commented that drawing from our reserves is akin to “breaking the piggy bank”. The Resilience Package announced by Deputy Prime Minister and Finance Minister Heng Swee Keat yesterday (Mar 26) put...

Hawker writes to PM Lee on FB, says having food courts open is a torture to all stall vendors who pay monthly rental with no one there

With the Covid-19 outbreak having taken a toll on business, and the government announcing that all entertainment venues such as night clubs, discos, karaoke outlets, cinemas and theatres to be closed, homegrown hawkers are now facing a pinch. In a Facebook post circulated on social...

DPM Heng: All political office holders to take three-month pay cut

Towards the end of his speech announcing the Supplementary Budget 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat added that all political office holders will take an additional pay cut of two months. This comes up to a three-month pay cut altogether. In his...

Another S$48 billion given in Resilience Budget on top of the S$6.4 billion; cash payout to S’poreans tripled

In light of the Covid-19 outbreak, the Singapore government has set aside another S$48 billion as part of the Supplementary Budget. Deputy Prime Minister and Finance Minister Heng Swee Keat announced earlier today (Mar 26) that the Supplementary budget comes in addition to the S$6.4...

Cabby wants to use some of his CPF money during Covid-19 outbreak

A Facebook group of local taxi drivers has been abuzz following a call for those in difficulty during the Covid-19 outbreak to be allowed to use some of the money in their Central Provident Fund (CPF) accounts. One man said: "During this difficult times. It...

Economics professor: Budget 2020 is “less than meets the eye”

Singapore -- Budget 2020, while touted "as nothing less than a 'strategic financial plan' for Singapore’s future — falls short in meeting its own goal of promoting long-term economic transformation", according to a report in Academia SG, a website maintained by a group of Singaporean academics. In...

Heng Swee Keat says GST hike cannot be scrapped, says their “approach is to tax lightly”

During the Budget round-up speech on Friday (Feb 28), Deputy Prime Minister Heng Swee Keat explained why the planned goods and services (GST) tax hike cannot be completely done away with. Adding that the government took on an approach to “tax lightly, so that people...