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Budget 2023
Tong's Portfolio
Imposing capital gains tax will deter investments
On balance, the budget was better than we had expected — it was expansionary but not overly populist.
March 02, 2023
Property
Goldman Sachs downgrades CDL to 'sell' and UOL to 'neutral' after third round of cooling measures
CDL was downgraded to "sell" with a TP of $8.05 while UOL was downgraded to "neutral" with a TP of $7.60.
February 21, 2023
Budget 2023
Budget 2023 offers near-term help but maintains fiscal discipline and active wealth distribution
Analysts see a slight impact on property stocks, while household assistance could bring cheer to consumer and transport counters.
February 16, 2023
Budget 2023
A budget to secure Singapore's future
In essence, Singapore has put the Covid-19 pandemic behind it.
February 16, 2023
Budget 2023
Tech sector's response to Singapore Budget 2023
Tech leaders share their views on the Budget 2023 initiatives aimed at enabling an innovation-led economy.
February 14, 2023
Budget 2023
Budget 2023: First-time families to receive more support to purchase flats
The move comes in a bid to support young couples better and help them realise their housing aspirations, says Lawrence Wong.
February 14, 2023
Budget 2023
Budget 2023: Enhanced schemes will help offset additional GST expenses by five years for most households
Lower-income households will have their additional GST expenses offset by 10 years.
February 14, 2023
Budget 2023
Higher stamp duty rates for higher valued residential and non-residential properties
Expect buyers stamp duty increases on more expensive residential and non-residential property from Feb 15 onwards.
February 14, 2023
Budget 2023
Budget 2023: CPF adjustments for gig workers and older workers
Low-income gig workers to receive more support from higher CPF contributions; CPF monthly payout for seniors to increase to $350.
February 14, 2023
Budget 2023
Budget 2023: Singapore raises Progressive Wage Credit Scheme by $2.4 bil, enhances labour market support
This is part of a range of measures announced by Wong to help lower wage workers achieve better career progression and wages.
February 14, 2023