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STRETCHING THE CULTURE PASS Speaking of COVID-19, the Singapore government launched the SingapoRediscover voucher during the pandemic, an initiative similar to the Culture Pass. It was fairly successful with two-thirds of Singaporeans redeeming it at least once on hotels and tourist attractions. Part of the joy of using the SingapoRediscover voucher figuring out how to…
SINGAPORE: The rules-based international order that has prevailed for 80 years is at risk of degenerating into the “law of the jungle” where “might makes right”. And in its place, a new world order is taking shape, characterised by profound unpredictability, instability and volatility, said Singapore’s Foreign Affairs Minister Vivian Balakrishnan on Monday (Mar 3)….
Here’s an excerpt of the conversation: Andrea Heng, host: What do you suggest people can do to maximise and make (the CDC vouchers) go even further? Navin Sregantan, DBS Bank: I think it does help that now there are two tranches … There’ll be one coming in few months from now, right? Andrea: S$500 (worth of vouchers) in…
SINGAPORE: Singapore is prepared to move forward amid global uncertainties, Senior Minister Lee Hsien Loong said on Saturday (Feb 22), adding that the nation does not have to worry or fear as the government has been preparing for such situations “for a very long time”. “We have good plans which will enable us to move…
SINGAPORE: In 2024, Singapore’s Gini coefficient, a statistical measure illustrating the gap between the richest and poorest in a country’s income or wealth distribution, fell to a record low of 0.365 (after accounting for government transfers and taxes). This marked a significant milestone in efforts to reduce income inequality, particularly sustained policies aimed at strengthening…
MORE THAN INCENTIVISING BIRTHS More help for bigger families also helps to reverse the household dilution of resources when more children arrive and hence creates a more equitable distribution of resources. It helps Singapore to come closer to the ideal where all children can thrive and be successful regardless of family background. That’s why it…
CHANGES IN GLOBAL TAX ENVIRONMENT Mr Wong also said there was “great uncertainty” about the global tax environment, with the new United States administration withdrawing from an agreement to adopt a 15 per cent global corporate minimum tax. “It remains to be seen what further moves the US and other major economies will make in…
SINGAPORE’S DISTINCTIVE BUDGET FRAMEWORK Besides transparency and accountability, an effective budget should be aligned with national priorities, including societal values and citizen aspirations. In particular, it should reflect a considered balance between the needs of current and future generations. Finally, the budget process should foster close coordination across public agencies in delivering the government’s agenda….
The new direct tax code or the new income tax bill will not include any new taxes, finance secretary Tuhin Kanta Pandey told Moneycontrol in an interview.The new direct tax code was announced in the Budget 2025-26 by finance minister Nirmala Sitharaman and is set to be introduced in the Budget session of the parliament….
Is it better to stay on rent or get your own place? It’s complicated, to borrow a phrase from romantic conundrums. So, should one spend a big sum on a house property – especially with the help of a home loan – given that prices are higher and the capital appreciation in many towns is…
