Staff Reporter

The package consists of the Small Business Recovery Grant and the Jobs Growth Incentive.

As outlined in the 2022 Budget, property tax will increase in 2024.

Most of the tax hikes will be implemented in 2023.

Businesses were urged to plan ahead as GST rate hike gets delayed.

The hike implementation originally scheduled in 2022 was moved to 2023.

Frasers Logistics & Commercial Trust was seen with the most growth.

Power generation, manufacturing, transport industries will be the most impacted.

It has outperformed IPO projections for eight consecutive quarters.

This is despite a 16.3% increase in its revenue during the same period.

The move was done in anticipation of traffic recovery in Singapore.

Excluding petroleum products, an expansion of 25.2% was reported.

A transition framework will be set to help companies adjust.

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. 

A proposed dividend of $0.027 (0.65 baht) per share was also announced.

This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.

The carbon tax will be raised to $25 per tonne in 2024.