Partnering for growth part of 'the Singapore Way', says Heng

THE new Scale-Up SG programme is not about the government "picking winners", but rather, partnering firms that are willing to transform, Finance Minister Heng Swee Keat said in his Budget round-up...

Singapore's total fertility rate continues to dip, but citizen births and marriages are up

HOW Singapore can build a sustainable population in light of its ageing demographic was foremost on the minds of various Members of Parliament (MPs) on Day 1 of the Committee of Supply (COS)...

Government yet to decide on exact timing of GST increase to 9%: Heng Swee Keat

THE government has yet to decide on the exact timing of the planned Goods and Services Tax (GST) hike by two percentage points to 9 per cent, and it will exercise care in doing so, Finance...

Impact of diesel tax hike, foreign labour leads debate

THE impact of the diesel tax hike and the tightening of foreign manpower quotas on businesses, and issues of long-term fiscal sustainability dominated the second day of the Budget debate in...

Parliament: MP Cheryl Chan urges Govt to consider wealth and inheritance taxes on super-rich individuals

Wealth and inheritance taxes on ultra-high net worth individuals could be considered as a possible option for Singapore's tax system in the future, she said.

Growth in Singapore services sector revenue eases to 4.1% in Q4

SINGAPORE'S services industries saw more takings in the last quarter of 2018, although growth was slower than before, according to data from the Department of Statistics (SingStat) on Wednesday.

Labour crunch takes centre stage in the House

WITH Singapore's ageing local workforce projected to start shrinking next year, the labour pool was a hot topic in Parliament, as its debate on this year's Budget began on Tuesday.

January output shrinks for first time in a year

SINGAPORE'S manufacturing sector started the year on shaky footing, with factory output contracting for the first time since December 2017.

Parliament: Foreign worker quotas cut to protect Singaporeans' jobs, says Chee Hong Tat

Jobs for Singaporeans will be lost and sociopolitical problems could flare up if the country does not control the number of foreign workers, said Senior Minister of State for Trade and Industry...

Singapore factory output shrinks 3.1% in January, first drop in a year

SINGAPORE’S manufacturing sector put up a dismal showing in the first month of 2019, clocking its first contraction in output since December 2017.