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Singapore Budget 2018: Government to continue supporting firms amid worries on rising business costs

Singapore Budget

Singapore Budget 2018: Government to continue supporting firms amid worries on rising business costs

The Edge Singapore Published on Mon, Feb 19, 2018 / 3:58 PM GMT+8

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SINGAPORE (Feb 19): As firms remain concerned about business costs, the government will continue to support firms in their restructuring and upgrading journey, said Finance Minister Heng Swee Keat as he delivered the 2018 Budget statement in Parliament today.

See: How will Singapore fund its rising budget?

Specifically, the Wage Credit Scheme (WCS) has extended for three more years, to fund 20%, 15% and 10% in 2018, 2019, and 2020 respectively.

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