Tag: gst

Credit Swiss says Malaysia still taking stock of inherited ‘bad hand’

In a swipe over old Malaysia and comments on Malaysia Baru, S.J.W. Hagger, head of equities for Credit Suisse in Malaysia says Finance Minister Lim Guan Eng has done an excellent, though unpopular job in taking stock of inheriting a very ‘bad hand’. The report...

The Govt will not absorb GST for essential items to help low-middle income families: Heng Swee Keat

The day after he laid out the Government's economic plan for 2019, Finance Minister Heng Swee Keat fielded questions on the budget on Channel NewsAsia's Budget 2019 Forum, that was broadcast live on national television and on Facebook. In the forum, Heng confirmed that the...

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...

GST Voucher rebate for January to 900,000 HDB households, Singaporeans still dissatisfied

It’s January again. It is the first month of the year as well as the first installment of the GST Voucher Utilities-Save (U-Save) rebate for the year 2019 to be given to about 90,000 HDB households in Singapore. According to MOF, the amount expected for...

GST hike: Damned if they do, damned if they don’t

The government thought it was being clever in announcing the impending GST hike early. The calculus: by giving Singaporeans at least three years’ heads-up, they would have time to bite the bullet and brace themselves for a GST increase to 9%. But all of a...

NTUC Members polled: Majority against GST hike

By: Obbana Rajah Earlier this week, results of a poll conducted within the National Trade Union Congress (NTUC) was anonymously revealed through WhatsApp. According to the source, there were more than 300 leaders of NTUC who took part, with about 440 responses received. The results were not...

GST: Have a True Picture, not just Big Picture, debate

Yes, the proposed GST hike will be an election issue, whether the government likes it or not. And it will be hot. The first early indication that it will not be so easy to ram it down the public’s throat came from the Workers Party’s...

Activists organise Speakers’ Corner protest against impending GST hike

Noted activist Gilbert Goh is organising a protest against the impending Goods and Services Tax (GST) hike. The protest will be held tomorrow (Sat, 3 Mar) from 4pm to 7pm at the Speakers' Corner in Hong Lim Park. The event will see speeches by Goh and...

PAP fanpage launches yet another “fake news” attack against WP MP Pritam Singh

Ruling party fanpage 'Fabrications about the PAP' has launched yet another "fake news" attack against Workers' Party (WP) Member of Parliament, Pritam Singh. This time, the administrators of the Facebook page have misrepresented Singh's remarks on the impending GST hike in Parliament and claimed, "The...

GST to be imposed on overseas vendors

Singapore’s GST will be imposed on foreign vendors in a new formula that imposes GST on imported services. However, the new goods and services tax formula on imported services will take effect in 2020. It was announced in the Budget 2018 by the Minister for Finance...