budget 2017

3 tech trends to change SME growth in 2017 and beyond

SINGAPORE (March 24): Using technology creatively to manage the business back-end can enable even the smallest start-ups to compete on the regional and even the global stage.

While government assistance can help in easing the costs around technology adoption, business builders need to be proactive in keeping abreast of the latest trends and be more digitally-aware of how they can impact their businesses.

Here are three major trends that will make a big difference in the way entrepreneurs and business builders manage and grow their companies in 2017 and beyond:

Structural challenges remain for Singapore

SINGAPORE (March 6): Singapore has received some much-needed good economic news of late, with economic growth and exports surprising to the upside. However, the external environment could grow more challenging if protectionism and populism do take root in key markets. Two major policy initiatives by the government were released recently — the report of the Committee on the Future Economy (CFE) and the Budget statement. Here is our take on Singapore’s economic prospects and whether the policy responses will suffice for the country.

Budget 2017: moving forward the Singapore way

SINGAPORE (Feb 22): Our journey towards SG100 continues with moving forward together – the Singapore Way – in Budget 2017.

The world is going through a period of great uncertainty and rapid technological change. In this year’s budget, the Finance Minister reaffirms the Singapore way to respond to such challenges. Singapore must take a learning and adaptive approach, try new methods, draw on feedback, adjust and refine our plans as we move forward together with a can-do spirit.

Here are some stocks DBS says should benefit from Budget 2017

SINGAPORE (Feb 22): DBS is picking growth stocks Genting Singapore, Thai Beverage, UOB, SGX, Sheng Siong, Bumitama Agri and First Resources to benefit from the expansionary Budget 2017 and expects them to offer EPS growth of between 11% to 83%.

The research house also like ST Engineering as a key proxy to benefit from smart nation initiatives while offering an attractive dividend yield of 4.1%.

What Budget 2017 addressed, and what it didn’t, according to Maybank

SINGAPORE (Feb 22): Maybank Kim Eng maintains its 2017 gross domestic product (GDP) estimates at 2.5% following the release of the Singapore Budget 2017 on Monday , noting that this year’s Budget is “more conservative than expected”.

Singapore carbon tax would hit refiners, help renewables

SINGAPORE (Feb 21): Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century.

Monday's announcement that a carbon tax on direct emitters is to be introduced from 2019 shows that Singapore, Asia's main oil trading hub, could be moving towards a longer-term future dominated by cleaner technology and resources.

Singapore set for modest fiscal push in 2017 Budget as growth risks abound

SINGAPORE (Feb 20): Singapore’s 2017 budget is set to deliver a modest fiscal push to an economy that’s facing a gloomy trade outlook just as it starts to rebound.

Why an economic-centric focus for Budget 2017 is in order

SINGAPORE (Feb 8): UOB is forecasting an overall budget surplus of $6.7 billion for FY16 -- 0.9% higher than the Singapore government’s estimate of $3.4 billion -- on expectations of higher contributions from corporate and personal income taxes; motor vehicle quota premiums; and GST collections.

This comes in higher than DBS Group Research’s projection of $4.3 billion.

Be prepared to pay more for water this year, says Masagos

SINGAPORE (Feb 8): Water costs are likely to see a hike this year after 17 years of constant pricing, said Singapore’s Minister for the Environment and Water Resources, Masagos Zulkifli, during a visit to Tuas Desalination Plant 3 on Tuesday.

More details of the upcoming price increase will be revealed during Budget 2017, which is slated for Feb 20.

Budget statement to be delivered by Minister Heng Swee Keat on Feb 20

SINGAPORE (Jan 3): The Ministry of Finance announced that the Budget statement will be delivered by the Minister of Finance Heng Swee Keat on Feb 20.

The event will be covered on live television and radio broadcast. A live webcast of the delivery of the Budget statement will also be available on MOF’s Singapore Budget website.

The Budget statement will be uploaded on the Singapore Budget website after the speech has been delivered.

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