Innovation, R&D to get shot in the arm

SUPPORTING more firms to innovate is a key thrust of the Singapore Budget 2018, as several new measures unveiled by Finance Minister Heng Swee Keat on Monday made it clear that innovation is still...

One for the long haul: Ensuring a sustainable fiscal future

AS budgets go, the 2018 fiscal statement delivered yesterday by Finance Minister Heng Swee Keat is quintessentially Singaporean in more ways than one.

Measures to bolster R&D and IP tax regime are heartening

FINANCE Minister Heng Swee Keat stressed early in his Budget 2018 speech on the importance of encouraging pervasive innovation throughout the economy, as well as the key role intellectual property...

Calibrated approach to future-proof Singapore's plan for sustainable future

BUDGET 2018 espouses the values of thrift, self-reliance, caring for the young, old and needy and planning for the future.

Working together for the collective good

BUDGET 2018 is aptly themed "Together, a better future".

New Infrastructure Office for projects in Asia

TO HELP firms tap infrastructure opportunities in Asia, such as those created by China's Belt and Road Initiative, Singapore will set up an Infrastructure Office this year.

Budget 2018: S$700m bonus; and some delayed pain for long-term gain

A WIDELY-EXPECTED increase in the Goods and Services Tax (GST) will not take effect this year, but Budget 2018 laid the foundations for a hike sometime between 2021 and 2025.

Tackling challenges of next decade

WITH real GDP growing 3.6 per cent in 2017, and property prices beginning to stir anew, Finance Minister Heng Swee Keat was able to report a revenue bonanza that gave him enormous fiscal headroom...

GST up 2 points to 9% - but only from 2021-2025

AS widely expected, the government announced plans to increase the GST to 9 per cent from the current 7 per cent - but this will only kick in, at the earliest, in three years' time - keeping its...

'Netflix tax' from 2020 for a new revenue stream

THE "Netflix tax" will in two years hit the pockets of Singapore digital consumers and some businesses, with the government setting a 2020 deadline in charging the goods and services tax (GST) on...


Emerging Enterprise award

Closes June 5, 2020