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Here are the taxes that will increase under the proposed 2022 budget
Here are the taxes that will increase under the proposed 2022 budget
Most of the tax hikes will be implemented in 2023.
Chart of the Day: Rate of Singapore GST hike over the years
The hike implementation originally scheduled in 2022 was moved to 2023.
Market update: STI up 0.16%
Frasers Logistics & Commercial Trust was seen with the most growth.
Carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
Elite Commercial REIT hits 22.3% DPU growth
It has outperformed IPO projections for eight consecutive quarters.
Raffles Medical Group’s H2 2021 net profit declines 7.2% to $44.88m
This is despite a 16.3% increase in its revenue during the same period.
Safran Electronics & Defense Services Asia expands scope of repairs
The move was done in anticipation of traffic recovery in Singapore.
Foreign wholesale trade jumps 48.7% YoY in Q4 2021
Excluding petroleum products, an expansion of 25.2% was reported.
Gov't to increase carbon tax to $25 per tonne in 2024
A transition framework will be set to help companies adjust.
Domestic wholesale trade up 34.9% YoY in Q4 2021
On a QoQ basis, a 3.6% increase was observed.
Singapore recorded a 34.9% year-on-year (YoY) increase in domestic wholesale trades, the Department of Statistics Singapore reported.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
How will the carbon tax hike help achieve the 2030 green targets?
The carbon tax will be raised to $25 per tonne in 2024.
Market update: STI down 0.29%
ThaiBev was seen with the most growth.
UOB prices planned A$900m floating rate notes at 0.72% per annum
Its maturity date will be five years from the date of issue.
Genting net profits cut in half for H2 2021
Decreased visitorship during the pandemic caused the 49% decline.
StanChart forecasts GDP growth to ease 4.1% in 2022
This is given the unfavourable base effect and the moderation of global growth and trade levels.
Singapore Budget 2022: GST hike delayed, carbon tax raised
Singapore's national budget will be delivered by Finance Minister Lawrence Wong today.
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