Merdeka Generation Package

MAS seen to maintain monetary policy stance as growth slows sharply: Maybank

SINGAPORE (Apr 3): Maybank Kim Eng expects the Monetary Authority of Singapore to maintain its current monetary policy stance at the April meeting as growth slows sharply and core inflation eases.

This comes after two straight tightening moves in Apr and Oct last year, when the MAS steepened the S$NEER appreciation bias slightly.

Dampening growth outlook is a stronger Singapore dollar; rising domestic interest rates; additional property curbs and stricter foreign worker measures, says Maybank.

Pioneer, Merdeka... Next, a Majulah Generation package?

SINGAPORE (Feb 22): Hot on the heels of a $9 billion Pioneer Generation package announced in Budget 2014, the $8 billion Merdeka Generation package is setting up expectations of similar packages for every generation of ageing Singaporeans.

Notably, both are geared towards healthcare and broadly available to an entire generation of Singaporeans.

Generational packages heart-warming, but targeted aid still needed

SINGAPORE (Feb 25): The highlight of Budget 2019 is the much-anticipated $6.1 billion Merdeka Generation Package. It is targeted at about 500,000 Singaporeans born between 1950 and 1959 — mostly those who missed out on the country’s first generational package unveiled in Budget 2014. While the MGP has fewer initiatives than the $8 billion Pioneer Generation Package, it is still substantial, and is particularly focused on measures that deal with medical bills, which are expected to become more costly in Singapore.

Government to set aside $6.1 billion for Merdeka Generation Fund

SINGAPORE (Feb 18): Singapore will set aside $6.1 billion for a new Merdeka Generation Fund to provide benefits for close to 500,000 Singaporeans born in the 1950s.

With interested accumulated over time, this amount is expected to cover the full projected costs of over $8 billion, which will last over the lifetimes of these Singaporeans currently aged 60 to 69.

UOB sees deficit of $1.2 bil in FY2019 Budget on moderating domestic economy

SINGAPORE (Jan 30): Singapore is expected to see a small and manageable deficit of $1.2 billion for its FY2019 Budget, which comes off the back of a moderating domestic economy, says UOB.

Taking centrestage at the Feb 18 Budget statement should also be further guidance on revenue drivers for the next decade (2021 to 2030) that would enable Singapore to deal with global economic uncertainties and changing needs of its people.

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