economy Archives

We can’t rely on one-off property & vehicle revenue to fund longer-term spending: DPM Wong

Higher than expected property and vehicle tax collections are one-off and Singapore cannot rely on them to happen every year to fund longer-term expenditure, said Deputy Prime Minister Lawrence Wong. “These are largely once-off upsides due to h ...

5 July 2022

1 min read

Policies

Govt will do more to provide help for vulnerable if economic situation worsens: DPM Wong

Deputy Prime Minister Lawrence Wong assured Singaporeans that the Government will do more to help if economic situation worsens significantly. “You have my word that if the situation worsens significantly, we will be prepared to do more, especially t ...

4 July 2022

1 min read

Policies

The six pillars of Forward S’pore & how you can contribute

Deputy Prime Minister Lawrence Wong launched the Forward Singapore on Jun 28, 2022. In his speech, he highlighted the need to refresh our social compact so as to strengthen social capital and foster trust and offered ideas on how to transform our

29 June 2022

2 mins read

Policies

Refreshing our social compact: DPM Wong’s speech at the launch of Forward Singapore

We are all gathered here because we are deeply invested in Singapore’s future. Where is our country headed? What can we do now to secure the future we hope for? How can each of us contribute? To address these questions, I announced

29 June 2022

13 mins read

Policies

Why the need for Forward S’pore, as explained by DPM Wong

During his May Day Rally speech this year, Deputy Prime Minister Lawrence Wong first mentioned the Forward Singapore exercise. This was how he described it: “The 4G team and I will lead an exercise to refresh our social compact. We will engage

28 June 2022

2 mins read

Policies

We can’t abandon meritocracy but we can turn it into a compassionate meritocracy: DPM Wong

While meritocracy has its downsides, it is still the best way to organise our society, and Singapore can improve it and turning it into a compassionate meritocracy, said Deputy Prime Minister Lawrence Wong. “We cannot abandon meritocracy, but I ...

28 June 2022

1 min read

Policies

S’pore has been diversifying food imports, will continue to do so: PM Lee

Despite the recent food export bans by some countries, Prime Minister Lee Hsien Loong assured Singaporeans that the Government has been diversifying food imports from other places, expanding food stockpiles and will continue to do more as supply disr ...

27 June 2022

1 min read

Policies

It’s worth saying this again: taxing the rich is not enough

Here’s a common refrain when the topic of raising Goods and Services Tax (GST) is discussed: Why raise the GST when the government can just tax the rich? This is a populist approach, an easy sell for any politician. But there are

23 June 2022

4 mins read

Policies

Everything you need to know about new S$1.5 billion package to help lower-income fight inflation

The Government announced a S$1.5 billion support package on Jun 21, 2022 that will help lower-income and more vulnerable groups fight inflation. At a press conference on the same day, Deputy Prime Minister Lawrence Wong told reporters that although i ...

21 June 2022

1 min read

Policies

Saktiandi Supaat uses moat analogy to describe govt’s efforts in defending S’pore against rising cost of living

A sound Singapore dollar policy and various programmes to help vulnerable families form part of a “moat” to protect Singapore from the “fire” that is rising cost of living, said Member of Parliament for Bishan Toa Payoh GRC Sa ...

14 June 2022

1 min read

Policies

S’pore’s social compact is actually easy to understand

You may have seen these two words in the media recently: social compact. This term is especially pronounced this year because Finance Minister Lawrence Wong introduced a slew of measures in this year’s Budget that he said will renew and strengt ...

9 June 2022

2 mins read

Policies

A gentlest reminder from SM Teo to businesses: No sustainable practices? Prepare to be a ‘laggard’ then.

Now here’s a gentle reminder to the private sector: Incorporate decarbonisation and climate risks into the strategies to stay competitive. If not, prepare to be written off as laggards for “doing too little, too late”. Senior Minist ...

8 June 2022

2 mins read

Perspectives

S’pore and Hong Kong have much to gain by working together

This op-ed first appeared on South China Morning Post on May 30, 2022 By Senior Minister Teo Chee Hean Singapore and Hong Kong enjoy excellent and long-standing relations, underpinned by strong economic ties, people-to-people links and regular exchan ...

31 May 2022

3 mins read

Policies

Govt will always be here to help S’poreans cope with rising prices and inflation: Lawrence Wong

Finance Minister Lawrence Wong reassured Singaporeans that the PAP Government will continue to do its utmost to help cushion the impact of cost of living, especially for lower- and middle-income families. The leader of the 4G team was speaking at the ...

12 May 2022

1 min read

Policies

We count the number of times ‘tripartite’ & ‘tripartism’ appeared in Tan See Leng’s May Day message

While many countries experienced strikes and stoppages at the height of the pandemic, Singapore’s tripartite partners worked in unison and came through the last two years without the need for excessive regulation or litigation, said Manpower Mi ...

29 April 2022

2 mins read

Perspectives

Comment: Chan Chun Sing’s latest speech on hunting for ‘perfect’ employees reminiscent of Man Utd’s fortunes

It has been a piss-poor decade to be a Manchester United fan. Ever since Sir Alex Ferguson retired at the end of the 2012/2013 season, United fans all over the world are on a never-ending, one-way journey to mediocrity with the occasional

28 April 2022

2 mins read

Policies

How S’pore could look like under the 4G team’s leadership

In his first public speech since the announcement of him as the leader of the Party’s 4G team, Finance Minister Lawrence Wong said how he sees governments can play a “more active and purposeful role”, which gave a glimpse of how Sin

20 April 2022

3 mins read

Policies

How S’pore gets electricity & how the govt hedges against disruptions, as explained by Tan See Leng

At the Parliament sitting on Apr 4, 2022, Second Minister for Trade and Industry Tan See Leng explained to the House how Singapore gets its electricity and the various measures to hedge against supplies disruptions. Of Piped Natural Gas and Liquefied ...

5 April 2022

2 mins read

Policies

External factors that caused current inflation, explained by Lawrence Wong

The rise in prices Singaporeans have been experiencing over the last few months is a worldwide phenomenon, said Finance Minister Lawrence Wong. He was giving a ministerial statement in Parliament on Apr 4, 2022, addressing the situation in Singapore ...

4 April 2022

2 mins read

Perspectives

The PAP govt’s Covid-19 approach is a measured one that aims to get S’pore to the end without paying high price

Our agile and practical approach to tackling the Covid-19 pandemic has prevented massive deaths. When the pandemic erupted in 2020, we quickly learned that we were dealing with an unprecedented challenge. We weighed our options very carefully and ma ...

25 March 2022

4 mins read

economy - Page 7

We can’t rely on one-off property & vehicle revenue to fund longer-term spending: DPM Wong

Govt will do more to provide help for vulnerable if economic situation worsens: DPM Wong

The six pillars of Forward S’pore & how you can contribute

Refreshing our social compact: DPM Wong’s speech at the launch of Forward Singapore

Why the need for Forward S’pore, as explained by DPM Wong

We can’t abandon meritocracy but we can turn it into a compassionate meritocracy: DPM Wong

S’pore has been diversifying food imports, will continue to do so: PM Lee

It’s worth saying this again: taxing the rich is not enough

Everything you need to know about new S$1.5 billion package to help lower-income fight inflation

Saktiandi Supaat uses moat analogy to describe govt’s efforts in defending S’pore against rising cost of living

S’pore’s social compact is actually easy to understand

A gentlest reminder from SM Teo to businesses: No sustainable practices? Prepare to be a ‘laggard’ then.

S’pore and Hong Kong have much to gain by working together

Govt will always be here to help S’poreans cope with rising prices and inflation: Lawrence Wong

We count the number of times ‘tripartite’ & ‘tripartism’ appeared in Tan See Leng’s May Day message

Comment: Chan Chun Sing’s latest speech on hunting for ‘perfect’ employees reminiscent of Man Utd’s fortunes

How S’pore could look like under the 4G team’s leadership

How S’pore gets electricity & how the govt hedges against disruptions, as explained by Tan See Leng

External factors that caused current inflation, explained by Lawrence Wong

The PAP govt’s Covid-19 approach is a measured one that aims to get S’pore to the end without paying high price

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