Tag: DPM Heng Swee Keat

Pritam Singh calls on Government to be transparent with its revenue and expenditure projections

Pritam Singh of the Workers' Party said on Friday (Feb 28) that the WP cannot support the GST hike until revenue and expenditure projections are made transparent. According to a recent report by Mothership, on the third day of the Budget debate, Mr Singh restated...

Lee Bee Wah recites Liverpool anthem in support of DPM Heng Swee Keat, Liverpool fans not pleased

It's not everyday a Member of Parliament diverts from the usual route of formal discussions and stately speeches. Well, PAP MP Lee Bee Wah surprised the rest of Parliament on Thursday (Feb 28), by making reference to the anthem of the prominent English football...

BREAKING: President, ministers, MPs, other officials get pay cut amid Covid-19 outbreak, while frontline health workers get bonus

Singapore—As Deputy Prime Minister Heng Swee Keat wrapped up the Budget debate in Parliament on Friday (Feb 28), he announced that all ministers and other holders of political office will be taking a one-month pay cut. This, he said, is being done as a...

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...

Budget 2020: It will be “more expansionary” because of difficulties and uncertainties

In the Budget Statement in Parliament on Tuesday (Feb 18), Deputy Prime Minister and Finance Minister Heng Swee Keat gave a summary of Singapore’s overall Budget position, noting that it is expected to be "more expansionary". FY 2019 The Government is looking at an overall Budget deficit...

Budget 2020: Netizens concerned GST will be increased as soon as 2022

In his Budget speech in Parliament on Tuesday (Feb 18), Deputy Prime Minister and Finance Minister Heng Swee Keat announced that there will be no GST hike next year. He did add, however, that an increase in the GST will still be needed by 2025. Overall,...

Many support packages and no GST hike in Hongbao Budget

In his 2020 Budget Statement on Tuesday (Feb 18), Deputy Prime Minister and Finance Minister Heng Swee Keat announced that the Budget has been geared towards responding to the current situation, with Singapore still recovering from economic uncertainty due to global trade tensions and,...

Budget 2020: GST Voucher DOUBLED

Due to the economic slowdown as a result of the Coronavirus, Finance Minister Heng Swee Keat announced during the budget reading (Feb 18) that the amount of U-Save rebates will be doubled through a one-off GST Voucher. Along with that, there will be a U-Save...

Budget 2020: ‘Encouraging efforts made by Singaporeans to acquire new skills’

During the reading of the Budget 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat announced he is very encouraged by the efforts made by Singaporeans to acquire new skills and plans to invest in the Next Bound of SkillsFuture. As such, he announced...

Budget 2020: Stabilisation and Support package to help workers stay employed

Singapore – Deputy Prime Minister Heng Swee Keat released the 2020 Budget on February 18, Tuesday, with a specific budget allocated for workers and businesses who have been affected by the Covid-19 outbreak. Speaking to Parliament, DPM Heng noted that two special packages would be...