economy Archives

Comment: Doing the right thing for S’pore and S’poreans

By Lawrence Wong, Minister for Finance No Government, and certainly no Finance Minister, in the world likes to raise taxes. It’s one of the reasons why politicians everywhere prefer to focus on spending initiatives, and avoid talking about tax ...

20 March 2022

4 mins read

Policies

ST calls Budget 2022’s plans as building blocks for a fairer, greener & more inclusive S’pore

In a comprehensive report on this year’s Budget published on Mar 12, The Straits Times wrote that “the debates on each ministry’s spending plans could perhaps be described as the building blocks for what this Singapore could look li ...

15 March 2022

2 mins read

Perspectives

Responding to a perfect long storm: a speech by SM Tharman

At the Investment Management Association of Singapore (IMAS)-Bloomberg Investment Conference on Mar 9, Senior Minister Tharman Shanmugaratnam spoke of a “perfect long storm” that is shaped by five forces and how countries can respond to i ...

14 March 2022

13 mins read

Policies

COMPASS points to a future with strong S’porean core

Just a few days ago, NTUC’s Deputy Secretary-General Chee Hong Tat presented in Parliament the labour movement’s approach of better growth, protection and skills, or GPS. Underscoring the importance of charting the right direction, Manpow ...

5 March 2022

1 min read

Perspectives

Budget 2022: Upper-income contributes more & lower-income benefits more is fairest system

Here’s a story that us Asians can relate to: Imagine a family consisting of two elderly parents and three sons. Though the sons’ fortunes differ, both parents did their utmost best to raise them up and gave them all they could to

4 March 2022

2 mins read

Perspectives

Inclusiveness a central tenet in Budget 2022

The 2022 Budget’s broad-based tax approach is the strongest signal yet that the government is determined to keep Singapore as an inclusive and fair society. Every Singaporean has a stake in Singapore, every Singaporean has a stake in each other, rega ...

3 March 2022

2 mins read

Perspectives

At its heart, the Budget is a story of stewardship & sustainability

For most of us mere mortals, money matters are important, sensitive and personal matters. And as mere mortals, our income is finite because our time and energies are finite. The choices we make regarding how we earn, how we budget, how we

3 March 2022

2 mins read

Perspectives

Response of the day: Lawrence Wong’s response to WP’s question on reviewing rules on NIRC

Workers’ Party Leon Perera asked Finance Minister Lawrence Wong on reviewing the rules on Net Investment Returns Contribution (NIRC) and what would be the optimal level of reserves during the Budget Debate on Mar 2. This is Minister Wong’ ...

3 March 2022

2 mins read

Perspectives

Budget soundbite: S’pore must always remain an egalitarian society

Finance Minister Lawrence Wong said in his Budget roundup speech on Mar 2 that Singapore must remain an egalitarian society with a big heart. Here’s the excerpt. “A lot has been said about the redistributive aspects of the Budget. But in ...

2 March 2022

1 min read

Perspectives

Budget soundbite: Our fair & unique tax system is designed on the principle of collective responsibility

In this excerpt of his Budget roundup speech on Mar 2, Finance Minister Lawrence Wong explained why a tax system where the bulk of the burden is borne by a small group of people at the top end is unsustainable and how

2 March 2022

1 min read

Perspectives

One moves up the ladder only to meet the snake. This is the WP’s suggested tax regime.

People would probably be familiar with two characters in most families: the strict father who instills discipline, tends to lecture a little bit too much during dinner but deep down you know that he cares for your and your siblings’ wellbeing a

2 March 2022

3 mins read

Perspectives

Why we can’t spend proceeds from land sales, explained

We’ve heard this one before and we hear this again at the Budget debate this year. Leader of the Opposition Pritam Singh again raised the possibility of including a portion of land sales into recurring revenue on the first day of the

1 March 2022

2 mins read

Policies

Govt to make sure S’pore remains one of best places globally for business: Lawrence Wong

The PAP government is determine to make sure Singapore remains one of the best places in the world for multinational companies to do business in, said Finance Minister Lawrence Wong. In a TV interview with CNBC’s Martin Soong on Feb 21, he

22 February 2022

2 mins read

Policies

Budget 2022 heralds an improved & stronger social compact in S’pore

Described as “masterful” and “well-rounded” in some quarters, Finance Minister Lawrence Wong delivered a Budget that also heralds an improved and stronger social compact in Singapore . The groundbreaking measures will further ...

20 February 2022

3 mins read

Policies

The rich will pay more Personal Income Tax, Property Tax & Additional Registration Fee: Budget 2022

Besides highlighting how Singaporeans will benefit from Budget 2022 and delaying the Good and Services Tax (GST), Finance Minister Lawrence Wong also introduced significant changes that will ensure Singapore will have a fairer and more resilient tax ...

18 February 2022

1 min read

Perspectives

How S’poreans will benefit from Budget 2022

Finance Minister Lawrence Wong delivered the Budget 2022 statement today (Feb 18). He opened by saying that Singapore’s economy has rebounded strongly from its worst recession since independence, with unemployment rate coming down to 3.2 per ce ...

18 February 2022

2 mins read

Policies

NTUC helped match over 46,000 workers to jobs during pandemic & will help manage cost of living

The National Trades Union Congress’ (NTUC) e2i has matched more than 46,000 workers to new or secondary jobs from the early days of the pandemic in Feb 2020 to Dec last year. This after the creation of the Job Security Council that

9 February 2022

1 min read

Policies

Budget 2022 to help S’poreans manage cost of living & fulfil the PAP government’s promise to leave no one behind

Singapore’s economy is in a better position today as compared to 2020 when the virus first emerged. Nevertheless, the PAP government is not resting on its laurels. It remains committed to helping Singaporeans manage the cost of living while putting o ...

6 February 2022

1 min read

Policies

S’pore’s ability to understand different markets makes it ‘untouchable’: George Yeo

Singapore’s maintenance of high standards makes it a trusted hub while its ability to understand different markets makes it untouchable, said Mr George Yeo. He was speaking at the pre-conference session of this year’s Singapore Perspectives on Jan 11 ...

31 January 2022

2 mins read

Policies

The PAP govt extends the Progressive Wage Model to waste management sector, sooner than planned

Some 3,000 waste management workers will earn S$3,260 in 2028, double of what they are earning now. This is part of the Progressive Wage Model (PWM) for the waste management industry announced on Jan 24, 2022, with tripartite recommendations having b ...

26 January 2022

2 mins read

economy - Page 8

Comment: Doing the right thing for S’pore and S’poreans

ST calls Budget 2022’s plans as building blocks for a fairer, greener & more inclusive S’pore

Responding to a perfect long storm: a speech by SM Tharman

COMPASS points to a future with strong S’porean core

Budget 2022: Upper-income contributes more & lower-income benefits more is fairest system

Inclusiveness a central tenet in Budget 2022

At its heart, the Budget is a story of stewardship & sustainability

Response of the day: Lawrence Wong’s response to WP’s question on reviewing rules on NIRC

Budget soundbite: S’pore must always remain an egalitarian society

Budget soundbite: Our fair & unique tax system is designed on the principle of collective responsibility

One moves up the ladder only to meet the snake. This is the WP’s suggested tax regime.

Why we can’t spend proceeds from land sales, explained

Govt to make sure S’pore remains one of best places globally for business: Lawrence Wong

Budget 2022 heralds an improved & stronger social compact in S’pore

The rich will pay more Personal Income Tax, Property Tax & Additional Registration Fee: Budget 2022

How S’poreans will benefit from Budget 2022

NTUC helped match over 46,000 workers to jobs during pandemic & will help manage cost of living

Budget 2022 to help S’poreans manage cost of living & fulfil the PAP government’s promise to leave no one behind

S’pore’s ability to understand different markets makes it ‘untouchable’: George Yeo

The PAP govt extends the Progressive Wage Model to waste management sector, sooner than planned

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