#sgbudget2024

#SGBudget2024: Singapore to tighten foreign worker quota, raise levies for marine and offshore engineering These moves aim to push the sector to “rethink its operating model, pivot to higher-skilled, higher-value activit…

#SGBudget2024: New grant for large businesses to defray costs of sustainability reporting It will cover up to 30% of qualifying costs, capped at S$150,000 per company, for the preparation of a company’s first sustainabil…

#SGBudget2024: Singapore must transform to meet ‘very ambitious’ productivity targets, achieve real growth: Lawrence Wong Firms must learn new ways to do business, workers must learn new skills and embrace new technologi…

#SGBudget2024: CPF Special Account closure not aimed at saving interest monies: Tan See Leng Rather, the move ensures that funds which are meant for long-term savings are appropriately put in a long-term retirement accou…

Singapore’s fiscal position, details of Refundable Investment Credit scheme could give it an edge over competitors: watchers #SGBudget2024: The city-state’s strong track record and fiscal ability, alongside the details o…

#SGBudget2024: ABSD concessions an ‘olive branch’ but won’t offer much relief to developers While the move will provide some relief for housing developers, ABSD penalties remain “very punitive”, the Real Estate Developer…

#SGBudget2024: Here are some quick takes from analysts and observers on key budget moves 1. Lower ABSD clawback rate for developments with 90% of units sold 2. SkillsFuture Level-Up programme 3. Refundable Investment Cre…

#SGBudget2024: First planned surplus in 7 years in FY2024, albeit ‘small’, at S$778m The estimated S$778-million surplus came as the last two planned deficits, in FY2021 and FY2022, later turned out to be surpluses. FY20…

#SGBudget2024: Budget 2024 highlights: from S$1.9 billion in household support, to property tax changes Budget 2024 tackled immediate cost-of-living worries for households and businesses, while laying out plans to streng…

#SGBudget2024: Single Singaporean seniors get ABSD refund when “right-sizing” to lower-value property The concession will be extended to singles if they sell their first property within six months after purchasing a lowe…

#SGBudget2024: Individuals to get 50% personal income tax rebate for 2024 The amount will be capped at S$200 so that the benefits go mostly to middle-income workers, said Wong. Annual income threshold for dependent-relat…

#SGBudget2024: New fund for future energy investments, with initial S$5 billion injection “Significant effort and costs” are needed for Singapore to move from a system powered mostly by natural gas, to one powered largel…

#SGBudget2024: S$200 in LifeSG credits for 1.2 million past and present national servicemen The LifeSG credits – which can be spent at over 100,000 online and physical merchants accepting PayNow, UEN QR or Nets QR – will…

#SGBudget2024: S$8.2 billion Majulah Package to benefit 1.6 million Singaporeans Those eligible will receive an Earn and Save Bonus of up to S$1,000, with the first annual bonus credited to their CPF Retirement Account o…

#SGBudget2024: Higher CPF contribution rates for those aged 55 to 65; closure of Special Account for those aged 55 and above Savings within the SA will be transferred to the Retirement Account, up to the Full Retirement…

#SGBudget2024: Couples waiting for BTO flats will get one-year voucher to rent HDB flat in open market “Some couples have already booked their BTO flats, but may like to have a place to stay temporarily, while they wait…

#SGBudget2024: ITE graduates to get S$5,000 top up to PSEA account; S$10,000 to CPF if they attain diploma “This new award is a significant investment in our ITE graduates. It represents our continuing commitment to upli…

#SGBudget2024: Firms hiring foreigners must pay locals minimum S$1,600 wage, up from S$1,400 Local employees, who work at companies that hire foreign workers, must now be paid a minimum part-time hourly rate of S$10.50 p…

#SGBudget2024: S$4,000 top-up to SkillsFuture for Singaporeans aged above 40, monthly training allowance introduced Additionally, Singaporeans aged 40 and above will receive full government subsidies to pursue a second d…

#SGBudget2024: S$2 billion funding to support financial sector development, S$3 billion more into R&D Financial support for Republic’s artificial intelligence (AI) capabilities, in the form of S$1 billion in funding over…

#SGBudget2024: S$1.3b support package to help businesses manage costs Called the Enterprise Support Package, it comprises a corporate income tax rebate; enhancements to the Enterprise Financing Scheme (EFS); and an exten…

#SGBudget2024: Additional S$1.9 billion for Assurance Package, all Singaporean households to get extra S$600 CDC vouchers Eligible Singaporeans will receive a one-off cost-of-living special payment of between S$200 and S…

#SGBudget2024: Forward Singapore exercise a ‘crucial roadmap’ to chart Singapore’s way through less stable external environment “Overall, we are cautiously optimistic that 2024 will be a better year,” Finance Minister La…

Will BEPS 2.0 tax changes impact Singapore’s competitiveness? Will Singapore's new 15% tax for MNEs exceeding revenues of 750 million euros from 2025 impact its appeal to foreign investment? Watchers anticipate BEPS 2.0’…

#BTOpinion: Budget 2024 should keep cost-of-living handouts targeted to avoid fuelling inflation It would be unsustainable to dole out inflation-related help that ends up keeping inflation higher for longer and necessita…

Watch the livestream of Singapore’s Budget 2024 statement, which will be delivered in Parliament at 3.30 pm on Feb 16 (Friday). Click “Notify me” to receive an alert when the stream begins. For more of BT's #SGBudget2024…

Six things to look out for in Budget 2024 From managing costs of living to bolstering small business, potential moves have been foreshadowed by the government, not least at the release of the Forward Singapore report las…

More firms want support to cope with inflation, adopt sustainable practices; higher SkillsFuture credits in Budget 2024: UOB survey 84% of businesses said they were somewhat or highly affected by inflation, with its effe…

BUDGET PERSONALITY QUIZ: Do you worry about global warming or your wallet? Are you watching out for tax breaks, training schemes or more social support? Find out what you really want this upcoming Budget: bt.sg/STr2 For…