For Singapore's economy to grow, there is a need for restructuring, said Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday (Feb 27). Speaking on the second day of the Budget debate, he shared that it is harder to achieve economic growth in the coming years. Some factors contributing to this include protectionism and political unrest, as well as.
SINGAPORE – The Budget aims to help Singapore prepare for an increasingly high-tech future but it also recognises that growth can bring costs to society that need to be addressed. Read more at straitstimes.com.
Businesses will have to pay workers higher salaries when the updated Local Qualifying Salary scheme starts in July. They say the move will put a strain on their businesses as they find ways to pay a higher wage. But other companies say they are benefiting from other Budget announcements like the S$1 billion top-up to t