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Budget 2019: S$1 billion to help companies transform
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Singapore Budget 2019: S$200m for Bicentennial Community Fund, S$1.1b for Bicentennial BonusSINGAPORE will set aside S$200 million for a Bicentennial Community Fund, and introduce a S$1.1 billion Bicentennial Bonus, in the spirit of giving back to society as the Lion City commemorates the Singapore Bicentennial. Read more at The Business Times.
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Singapore merchandise trade, non-oil exports ease in 2018; no change to 2019 growth forecastGROWTH of both trade and exports eased in 2018, leading trade promotion agency Enterprise Singapore to maintain its growth forecasts for non-oil domestic exports (NODX) and total merchandise trade at zero to 2.0 per cent for 2019. Total trade crossed the S$1 trillion mark last year. Read more at The Business Times.
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After 3 record years, tourism may lose some steam in 2019AFTER three years of record highs in visitor arrivals and tourism spending, the Singapore Tourism Board (STB) is now 'cautiously optimistic' about 2019, due to the volatility of the external environment and stiffer regional competition. Read more at The Business Times.
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Singapore Budget 2019: Productivity grew 3.6% a year in the past 3 yearsPRODUCTIVITY, as measured by real value-added per actual hour worked, grew by 3.6 per cent per year in the past three years, higher than the 1.6 per cent per annum growth recorded in the preceding three years, from 2012 to 2015. Read more at The Business Times.
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Singapore Budget 2019: Automation Support Package extended by 2 yearsTHE government will extend the Automation Support Package (ASP) by two years, said Minister for Finance Heng Swee Keat on Monday. The ASP was launched in Budget 2016, and is meant to help firms deploy large-scale automation, such as robotics and the Internet of Things. Read more at The Business Times.
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