goods and services tax (GST)

Budget 2020

Singapore plans biggest budget deficit in more than two decades

(Feb 19): Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4 billion in dedicated support for an economy being slammed by the coronavirus outbreak.

Singapore economy

Majority of Singapore SMEs not ready for impending GST increase, says UOB survey

SINGAPORE (Jan 7): Only four in 10 small- and medium-sized enterprises (SMEs) in Singapore have made plans to manage a planned increase in goods and services tax (GST) to 9%, according to a survey

In print this week

Cautious Budget spending necessary for long-term planning: Heng Swee Keat

SINGAPORE (Mar 4): Singapore may have accumulated huge surpluses during the current term of government, but that does not indicate an upcoming spending spree.

Budget 2019

Singapore plans cautious budget ahead of election

SINGAPORE (Feb 18): Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elec


Is Malaysia's farewell to its GST a little too rushed?

SINGAPORE (May 16): Yesterday, the new Pakatan Harapan (PH)-led government announced that Malaysia’s 6% goods and service tax (GST) will be zero-rated from Jun 1 onwards, effectively abolishing it.


Malaysia's special advisory council committed to meet first 100-day promises, says Maybank

SINGAPORE (May 16): The five-member Council of Eminent Persons, a team of special advisors announced by Malaysia’s prime minister Mahathir Mohamad on May 12, has hit the ground running.


What removal of GST might mean for Malaysia's economy

(May 15): Malaysia’s intention to scrap a 6% goods-and-services tax within 100 days of Prime Minister Mahathir Mohamad taking office has economists and budget analysts on edge about the ripple effe


Mahathir says anti-fake news law to be given ‘proper’ definition; country has sufficient revenue to remove GST

KUALA LUMPUR (May 13): Malaysia's new Prime Minister Mahathir Mohamad said on Sunday that the anti-fake news law will be given "proper" definition so that media and the public is clear on what is f


Is Singapore funding its rising social spending the right way?

SINGAPORE (Mar 5): The unveiling of the Budget for 2018 has triggered a healthy debate on how the likely pressures for more government social spending in Singapore should be funded.

Broker's Calls

These 5 stock picks could benefit from surprise delay in GST hike, says Credit Suisse

SINGAPORE (Feb 21): Credit Suisse is raising its 2018 GDP growth forecast for Singapore to 3.3% on the back of expectations of higher private consumption growth following the 2018 Budget announceme

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