Tag: Budget 2018

The curious timing of the impending GST hike

Finance Minister Heng Swee Keat announced that the Goods and Services Tax (GST) will increase by 2 per cent, as he delivered Budget 2018 yesterday. This tax hike will raise the GST from 7 per cent to 9 per cent and will be implemented...

All Singaporeans above age of 21 will receive “hongbao” of at least $100: Budget 2018

Finance Minister Heng Swee Keat declared this afternoon that all Singaporeans above the age of 21 will receive an "hongbao" of $300, $200, and $100 depending on their income, this year. The Minister said that this one-off bonus "reflects the Government's longstanding commitment to...

GST will rise by 2%: Finance Minister confirms at Budget 2018

Finance Minister Heng Swee Keat announced that the Goods and Services Tax will increase by 2 per cent, as he delivered Budget 2018, this afternoon. This tax hike will raise the GST from 7 per cent to 9 per cent and will be implemented...

Carbon tax to affect electricity and gas expenses of Singapore households: Budget 2018

The Singapore Government will be imposing a carbon tax from 2019 - a tax that is expected to affect the electricity and gas expenses of all households in Singapore. Finance Minister Heng Swee Keat confirmed this as he delivered the Budget 2018 speech this...

“We must have enough resources” Heng Swee Keat stresses, listing 3 shifts Singapore must contend with

Finance Minister Heng Swee Keat outlined three major shifts Singapore must contend with in the coming years, as he delivers Budget 2018 this afternoon. First, the Minister said that there is a shift in global economic weights, with Asia playing a larger role in the...

DPM Teo Says What’s Most Important Is to Improve Technology and Workforce

  On Sunday, February 18, Deputy Prime Minister Teo Chee Hean made a speech that touched on the budget at the yearly spring reception of the Singapore Chinese Cultural Centre (SCCC) and Singapore Federation of Chinese Clan Associations (SFCCA). The Budget will be rolled out...

Economists Predict Big Budget Surplus from 2017

Economists are predicting a higher budget surplus than was originally expected for the past financial year, which ends on March 31. They say that this is because of fewer expenses for development, as well as bigger stamp duties and tax receipts. The country has seen...

“You have been robbed, dear Singaporeans” – Budget 2018 forum on VIDEO

Finance Minister Heng Swee Keat will deliver Budget 2018 tomorrow. Even as political analysts predict that taxes will almost certainly go up this year, four civil society players gathered last week to discuss their beliefs on what the nation’s economic direction should be for the...

Indranee Rajah Introduces Budget 2018 in an ‘Otterly’ New Way

Indranee Rajah, Senior Minister of State of the Ministry of Finance, posted a video on her Facebook account on February 13, in the light of upcoming Budget Day on Monday, February 19. Ms. Rajah chose to highlight budget themes in the video in a lighthearted...

PM Lee hints that taxes will go up in Budget 2018 through feel-good CNY message

Prime Minister Lee Hsien Loong appears to have hinted that taxes will rise when Budget 2018 is unveiled next week, through a feel-good message he wrote in commemoration of Chinese New Year. In the post, PM Lee wrote that the challenges of caring for Singapore's...

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