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Heng Swee Keat
Budget 2019
$1.3 bil worth of initiatives launched to commemorate Singapore bicentennial
SINGAPORE (Feb 18): In commemoration of Singapore’s bicentennial this year, the Singapore government is introducing two special initiatives to "support the spirit of giving back” in the form of a $200 million Bicentennial Community Fund, as well a
February 18, 2019
Budget 2019
Lower-wage, older workers to receive greater support amid tighter labour market
SINGAPORE (Feb 18): Lower-wage and older Singaporean workers aged 55 and above will receive more support with the introduction of the Budget 2019 measures, announced Finance Minister Heng Swee Keat during his Singapore Budget speech today.
February 18, 2019
Budget 2019
More benefits for local workforce from enterprise initiatives; services to undergo foreign worker quota cuts
SINGAPORE (Feb 18): Starting from April 1 2020, Singapore will require all transformation efforts supported by Enterprise Singapore’s Enterprise Development Grant to include positive outcomes for workers, such as wage increases.
February 18, 2019
Budget 2019
Singapore to invest $15.5 bil in defence, security & diplomacy efforts
SINGAPORE (Feb 18): The Singapore government has committed to invest some $15.5 billion – which is equivalent to about 30% of its total expenditure this year – to support the city state’s defence, security and diplomacy efforts.
February 18, 2019
Budget 2019
Singapore plans cautious budget ahead of election
SINGAPORE (Feb 18): Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year.
February 18, 2019
Singapore Budget
Singapore's aged in line for pre-election budget bonus
SINGAPORE (Feb 11): Singapore's elderly are primed to benefit from a generous budget unveiled next week, analysts say, as the government prioritises the needs of a fast-ageing population ahead of an election expected as soon as this year.
February 11, 2019
Singapore Budget
Singapore government likely to adopt looser fiscal policy; bumper budget could signal early elections: Fitch Solutions
SINGAPORE (Jan 22): Fitch Solutions Macro Research says it expects the Singapore government to adopt looser fiscal policy for FY19/20 (April-March) in an effort to cushion the economic slowdown due to unfavourable global economic conditions.
January 22, 2019
Singapore economy
Singapore economy grows 3.3% in 2018
SINGAPORE (Jan 1): Singapore’s economic growth held above 3% for a second year, Prime Minister Lee Hsien Loong said, calling on the nation to rally around a new team of leaders and ensure continuity as he prepares to step down.
January 01, 2019
Singapore economy
As Singapore enters twilight of Lee era, ruling party prepares for change
SINGAPORE (Nov 27): Modern city-state Singapore is a predictable place: it's hot and humid every day, unabashedly pro-business, immaculately clean – no chewing gum anywhere – and the government is usually run by a Lee.
November 27, 2018
Singapore economy
Singapore picks finance chief Heng as de facto successor to PM Lee
SINGAPORE (Nov 23): Singapore’s ruling People’s Action Party tapped Finance Minister Heng Swee Keat as the de facto successor to Prime Minister Lee Hsien Loong on Friday, kicking off the city-state’s third leadership transition in its 53-year histor
November 23, 2018