The Business Times

#SGBudget2023: Child relief for working mothers to be fixed from 2024 Higher-income mothers would receive a lower amount of tax reliefs than before, while lower-income mothers may get more. Alongside tax changes, a slew…

#SGBudget2023: Singapore Budget 2023 in 90 seconds In case you missed it all - here are the major announcements.

📊INFOGRAPHIC: Curious to see how the numbers from #SGBudget2023 stack up against previous years? Check out our very own interactive infographic putting together this year's Budget in numbers. bt.sg/budgetgraphic23 For m…

#SGBudget2023: S$2 billion deficit in FY22, S$0.4 billion deficit for FY23 The government does not expect to draw on past reserves for FY2023 as it did in the last three financial years as “things return to normal”.

#SGBudget2023: New tax incentive scheme for donors with family offices Donors with family offices operating in Singapore will soon be able to claim a 100% tax deduction for overseas donations through a new Philanthropy T…

#SGBudget2023: FY2022 fiscal deficit revised down to S$2b; FY2021 posts surplus instead of deficit Although government spending was higher-than-expected – to meet priority areas such as housing and projects that were def…

#SGBudget2023: Buyer’s Stamp Duty hike unlikely to hurt property demand; some see it as wealth tax For residential properties, the portion of the value of the property in excess of S$1.5 million and up to S$3 million wil…

#SGBudget2023: Higher marginal ARF rates for cars with OMV of more than S$40,000 The Additional Registration Fee (ARF) – a tax imposed when a vehicle is being registered – will be adjusted to better differentiate between…

#SGBudget2023: Tobacco excise duty increased by 15% To discourage the use of tobacco products, the Singapore government is implementing a 15% increase in tobacco excise duty across all tobacco products. The change takes…

#SGBudget2023: CPF monthly salary ceiling raised to S$8,000 by 2026; senior worker contribution rate to rise The ceiling – last updated in 2016 – will be bumped in four steps from S$6,000 to S$8,000 by 2026. For senior w…

#SGBudget2023: More support to lower-income platform workers when CPF contributions kick in from 2024 To help platform workers cope with lower take-home pay when Central Provident Fund (CPF) contributions kick in from 20…

#SGBudget2023: Top-ups to ElderCare, MediFund to support lower-income individuals, seniors The Ministry of Finance will top up the ElderCare fund by S$500 million. This fund supports means-tested subsidies for seniors wh…

#SGBudget2023: Child relief for working mothers to be fixed from 2024 Working mothers will be able to claim annual reliefs of S$8,000 on the first child born or adopted on or after Jan 1, 2024, S$10,000 on the second chi…

#SGBudget2023: First-time homebuyers to get up to S$30k in increased CPF housing grants, additional BTO ballot For eligible first-timer families buying a two- to four-room resale flat, the CPF Housing Grant will be incre…

#SGBudget2023: S$4 billion top-up for National Productivity Fund Investments will include supporting businesses here in building new capabilities, adding greater value to the domestic ecosystem, and upskilling workers. N…

#SGBudget2023: More cash and support measures to cushion impact of GST hike CDC Vouchers will be increased by S$100 in 2024, meaning Singaporean households will get another S$300 of vouchers in January. Follow our real-t…

#SGBudget2023: Singaporeans to receive up to S$200 more in GST vouchers in 2023 Those residing in homes with an annual value of S$13,000 and below can expect to receive S$700 in 2023, which is S$200 more than before. Thi…

#SGBudget2023: Major uncertainties in year ahead; government to plan for potential downside scenarios Singapore’s economic fundamentals remain strong and the economy is expected to see “positive but slower” growth this y…

#SGBudget2023: Government will not draw from past reserves for FY23 Covid-19 expenditures Total draw on past reserves from FY20-FY22 to come in at S$40 billion, lower than S$52 billion initially expected.

⭐️ Play BT’s Budget Day Bingo Will there be unemployment support or more property cooling measures? Here's our Bingo card to keep you company during the speech later at 3.30pm. (Disclaimer: No extra CDC vouchers for scor…

Banking customers least pleased with accessibility, most happy about giving back: poll Customer accessibility saw the poorest responses with just 19.3% – down 5.3 percentage points from the previous year.

Today at 3:30pm, Finance Minister Lawrence Wong will deliver his Budget speech. Here's a list of 7 things to look out for in his speech: Follow our real time coverage: bt.sg/budget23 📺 WATCH our livestream of the speech

Rising rentals a double-edged sword for co-living operators “When people write in asking if a specific place is available, we know that the rental negotiations fell through and they need housing solutions,” said The Asse…

Economists ‘cautiously optimistic’ about Singapore economy in 2023, banking on China’s reopening “We are expecting a ‘half-full’, rather than a ‘half-empty’ economy, as China’s reopening will cushion the impact from the…

Court grants club member’s bid to wind up Laguna National club At the heart of the dispute is money – to the tune of tens of millions of dollars – that has not yet been paid back to debenture holders, even though the 30-…

#SGBudget2023 lookahead: A Singapore working mother’s three-item wish list for Budget 2023 Flexi-work arrangements don’t just mean allowing one fixed day for working from home. Perhaps there could be incentives for compa…

More remedies for workers, employer penalties proposed for Singapore’s anti-discrimination law Five characteristics to be protected, including age; nationality; sex; race and religion; as well as disability and mental he…

Family of Dick Lee puts prime bungalows on market for S$60m; proceeds to go to charity The properties have been put up for sale by Peter Lee and John Lee, the executors of the estate of their aunt, the late Agnes Tan. Pe…

#BTOpinion: Fret not over that shrinking private home Should small households be discouraged from occupying large spaces? BT's Leslie Yee weighs the necessity of imposing higher taxes on households with two or less peopl…