Lawrence Wong

Wong hopes international firms see Singapore as a “home away from home.”

Economic competitiveness is one of the key phases in Singapore.

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

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

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

Singapore is open to digital innovation but not crypto speculation.

The deputy prime minister said they encourage better diversification.

The market will study using ammonia for power generation.

This is under the Financial Services Industry Transformation Map 2025.

This will build trust and unity in the society.

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

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

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

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

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

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