SINGAPORE (Feb 23): It is that time of the year again. Immediately after every Budget speech, analysts scramble to translate the slew of adjustments to taxes and government schemes into fresh views on the economy, specific industries and individual stocks.

This year was no different.

The budget announcements that drew the most attention were the $700 million SG Bonus that will put $100 to $300 into the pockets of every adult Singaporean, the extension of the wage credit scheme that keeps lots of workers employed, and the two percentage point increase in the Goods and Services Tax being pushed to 2021 or beyond.

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