Tag: Budget 2018

GST Hike: Why Singaporeans can still have a say

By Augustine LowThe delay in the implementation of the Goods and Services Tax (GST) is one that is well thought out and calibrated by the government. But Singaporeans do not have to take it lying down – there is recourse to call the shots.By...

SDP slams Budget 2018 as one “laden with cheap gimmicks and full of wayang”

The Singapore Democratic Party (SDP) was the first opposition parties to comment on Budget 2018, which was delivered by Finance Minister Heng Swee Keat yesterday.Slamming this year's budget speech as one "laden with cheap gimmicks and full of wayang," the SDP criticised the GST...

Heng Swee Keat’s tax plan contradicts PM Lee’s views on GST hike during GE2015

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...

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...

Lower-income groups worry about GST hike

By Ng Jun Sen & Seow Bei YiWith the impending goods and services tax (GST) hike, Mr Tony Teng, 43, worries about his young family's growing expenses.The ambulance driver supports his one-year-old daughter, pregnant wife and elderly parents on a $1,800 monthly salary.Lower-income families like Mr...

A fiscally sound but politically risky Budget

By Chua Mui HoongThis could have been a pure sugar Budget with its huge surplus and SG Bonus for all adult Singaporeans. Instead, Finance Minister Heng Swee Keat coated the sugar with a strong lacing of lemon.The goods and services tax (GST) will be raised...

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...