Lawrence Wong

Singapore will protect workers, not jobs – DPM Wong

Wong says protecting jobs will hold back the “process of innovation.”
3 days ago

Singapore will protect workers, not jobs – DPM Wong

Wong says protecting jobs will hold back the “process of innovation.”
3 days ago

Budget 2023: Which sectors will be the hardest hit by the 2023 budget measures?

Real estate sector will be mildly hit whilst global firms may expect problems from corporate tax.

LIVE UPDATES: Singapore Budget 2023

Finance Minister Lawrence Wong said the budget will be about “Moving Forward in a New Era.”

Wong says SG had plans to tighten rules on crypto even before FTX bankruptcy

Singapore is open to digital innovation but not crypto speculation.

Singapore underscores resilience but cautious amidst decoupling issues: Wong

The deputy prime minister said they encourage better diversification.

Gov’t seeks to create 3,000 financial sector jobs a year 

This is under the Financial Services Industry Transformation Map 2025.

Two-thirds of businesses involved in corporate giving: Wong

This will build trust and unity in the society.

Target employment rate for persons with disabilities up 40%: Wong 

In 2021, the employment rate for the group rose by two percentage points.

Singapore’s wealthiest may be taxed more: DPM Wong

The government is gearing up to help lower-income households deal with inflation, reports Bloomberg.

Gov’t to push through with GST increase despite rising inflation

The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024. 

Meet the leaders of Forward Singapore

Several ministers will help review and refresh the market’s social compact.

Gov’t wants full support of businesses, unionists in ‘Forward Singapore’

Forward Singapore seeks to refresh the country’s social compact.

Inflation prompts gov’t to provide $1.5b support package for vulnerable groups, businesses

Individuals and households will get a goods and services tax voucher (GSTV) of up to $300 cash.

Minister for Finance Lawrence Wong named deputy prime minister

He will be acting prime minister whenever the Singapore leader is absent.

Corporate dinner events may resume as social restrictions ease

F&B outlets can also seat up to five vaccinated people at one table without checks.

Singapore allows 5-person social gatherings

The rule will apply to F&B outlets, hawker centres, and coffee shops.