SINGAPORE (Xinhua) – Singaporean Deputy Prime Minister Teo Chee Hean said Sunday that the government would continue to help companies and trade unions in their economic transformation through the employment of technologies and the training of the workforce. Teo, who also acts as the Coordinating Minister for National Security, made the remarks while delivering a […]
Read MoreSINGAPORE (BLOOMBERG)- Singapore remains a competitive destination for businesses even though it’s raising taxes and maintaining some restrictions on foreign workers, Minister for Trade and Industry S. Iswaran said. “When you take into account the whole scheme of taxes, including corporate tax regimes, personal tax regimes, I think Singapore still remains a competitive destination in relative […]
Read MoreSINGAPORE: Singapore will set up a new Rail Infrastructure Fund worth S$5bil this year for major rail lines ahead, said Finance Minister Heng Swee Keat (pic). “This can be topped up in future years when our fiscal position allows,” he said when tabling the republic 2018 Budget in Parliament here. Heng said for Singapore infrastructure […]
Read MoreSINGAPORE: Singapore said its sales tax will rise to 9% from 7%, but the change will only come “sometime” between 2021 and 2025, making it likely that the increase would kick in after the city-state’s next general election. Instead of getting a GST hike soon, Singaporeans aged 21 and above will get a “hong bao”, […]
Read MoreSINGAPORE: Singapore on Monday announced it plans to raise its sale tax to 9 percent from 7 percent, but said the change will be only be made ”sometime” between 2021 and 2015. Finance Minister Heng Swee Keat told parliament of the plans to raise the Goods and Services Tax (GST), which has been at 7 […]
Read MoreTEMPO.CO, Jakarta – Indonesia and Singapore agreed to enhance cooperation in investment and vocational training especially in industrial sector. Industry Minister Airlangga Hartarto stated that this will strengthen partnership of the two countries in order to complete each other’s economic potential. “Singapore is one of neighboring countries that plays a strategic role for the interests of both Indonesia and the region,” Airlangga said on Sunday (18/2). […]
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