SINGAPORE (Feb 26): In the end, speculation about a hike in the Goods and Services Tax (GST) turned out to be true — well, sort of. In his Budget speech on Feb 19, Finance Minister Heng Swee Keat said the government would increase the rate of GST from 7% to 9% between 2021 and 2025.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe