Heng Swee Keat

Singapore launches maritime portal, urges greater collective action to drive digitalisation, sustainability

SINGAPORE (Oct 30): The Maritime and Port Authority of Singapore (MPA) has launched a one-stop digital portal for maritime regulatory and port services transactions, that is expected to save the shipping industry an estimated 100,000 man-hours annually.

Announcing the launch of the portal at the opening of the two-day Global Maritime Forum (GMF) Annual Summit on Wednesday, Deputy Prime Minister Heng Swee Keat outlined how the global maritime industry could take collective action for the future.

DPM Heng hails greater regional collaboration with Singapore as 'node' of Asia

SINGAPORE (Sept 19):  Against a backdrop of sluggish economic growth, Deputy Prime Minister and Finance Minister Heng Swee Keat is hoping to position Singapore as the global node of Asia, hailing greater regional collaboration to pick up the momentum.

In response to a question at the Milken Institute Asia Summit 2019 on Thursday, Heng spoke about advancements in technology that enabled borders to be broken down and new practises to be changed and reshaped, such as in manufacturing and finance.

Cohesion key for societies to thrive, says DPM Heng Swee Keat

SINGAPORE (June 21): Building unity from a diverse society is more important than ever given the current era of “unprecedented levels of global trade, technological advancement and human migration,” says Singapore Deputy Prime Minister Heng Swee Keat.

And while global trade has benefitted many, Heng – who is also Finance Minister – points out that it has also sharpened the divide between the haves and the have-nots.

Briefs

SINGAPORE (May 6): “What’s wrong with a female emperor, I wonder? Those practices need to change in the modern era.” Yukiko Minegishi, who works with a uniform maker in Tokyo.

WikiLeaks founder Assange sentenced to jail

WikiLeaks founder Julian Assange has been sentenced to nearly a year in jail for skipping bail as he prepares to fight extradition to the US.

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Briefs

SINGAPORE (Apr 29): “I suggest you build and not just buy. You are more likely to win the race this way.”Manpower Minister Josephine Teo, urging financial institutions to invest more in training their workforce.

Biden enters Democratic race for president

Former US vice-president Joe Biden has announced that he is running for the 2020 Democratic presidential nomination, throwing his hat into a field that now includes 20 candidates.

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Singapore's pre-election cabinet change sets Heng up for top job

(Apr 23): Singapore’s Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, a move that further positions him to succeed Prime Minister Lee Hsien Loong.

Heng will become Lee’s deputy on May 1 while retaining the finance post, the prime minister’s office said in an emailed statement. He will also continue chairing the Future Economy Council and National Research Foundation.

Heng sees solid Southeast Asia growth despite risks

(Apr 8): Singapore and other Southeast Asian economies are poised to remain resilient in the face of increasingly dour signs on the global economy, said Finance Minister Heng Swee Keat.

Economies in the 10-member Association of Southeast Asian Nations “and Asean as a group both continue to grow quite well even this year and next,” Heng told Bloomberg Television’s Haslinda Amin on the sidelines of meetings of the regional bloc in Chiang Rai, Thailand. “There will still be growth even though the growth will be uneven across the world and it’ll be slower than before.”

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. The surpluses will also not be used to stall an impending Goods and Services Tax hike due to happen from 2021 to 2025.

On Feb 28, in rounding up parliamentary debate on the broad fiscal principles of this year’s Budget, Finance Minister Heng Swee Keat explains that the planned increase in the Goods and Services Tax is necessary, and reiterated the government stance on saving for a rainy day.

What huge surpluses mean for Singapore's future

SINGAPORE (Mar 1): Singapore may have accumulated an estimated surplus of $15 billion during the current term of government, but this does not indicate an upcoming spending spree.

For one, the surpluses will not be used to stall an impending Goods and Services Tax (GST) hike due to happen from 2021 to 2025.

On Feb 28, in rounding up parliamentary debate on the broad fiscal principles of this year’s Budget, Finance Minister Heng Swee Keat underscored the necessity of the planned GST hike, and reiterated the government stance on saving for a rainy day.

Winners and losers from Singapore's budget as election looms

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year.

Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. The expansionary fiscal plan will push the overall budget deficit to 0.7% of gross domestic product in the year ending March 2020, from a revised surplus of 0.4% this year.

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