AsiaOne Business

>> ASIAONE / BUSINESS /

Prev Next

BUSINESS	PROPERTY
• Nurturing startups and SMEs • Budget 2010: Raising foreign worker levies • Supporting business restructuring	• Property tax system to be changed • Enhancing land productivity
INSTITUTION / INDUSTRY	EMPLOYEES
• Budget 2010 to help local players grow into global companies • Investing in R&D • Budget 2010 to invest in the future	• New Workfare Training Scheme to be introduced • Raising productivity • $2 billion in National Productivity Fund

• New tax reliefs
• Additional special top-ups to support households
• Additional litre of duty-free wine or beer may be purchased

	A budget to get you moving What was not in this year's Budget statement mattered just as much as what was in it.
	How levy changes moderate foreign workforce Employers will have to pay higher levies for S-Pass holders & work-permit holders in manufacturing, service, marine, construction & process sectors from July.
	Budget 2010 at a glance Get the highlights of the budget by Finance Minister Tharman Shanmugaratnam.
	An inclusive budget Minister: 'Our priority must now be to improve the quality of jobs'.
	Savings from new property tax system The new property-tax system will see three tiers of tax rates of 0, 4 and 6 per cent.
	Higher-value activities get a shot in the arm Measures were introduced to help firms become globally competitive and expand overseas, as well as help to support family.
	3-level approach for productivity Aims to achieve a 2 to 3 per cent annual productivity growth over the next 10 years.
	Post secondary education gets a boost Government will top up the Post-Secondary Education Account with up to $500.
	S'pore to slow down hiring of foreign workers The phased-in increase from July 1 is aimed at reducing dependence on foreign workers.
	Defence budget largely unchanged Govt plans to spend $11.46 billion on defence this year.
	Singapore sets smaller budget deficit The govt expects a basic budget deficit of S$7.2 billion, or 2.6 per cent of GDP.
	More flexibility for travellers purchasing alcohol at duty-free From April 1, they can purchase one additional litre of wine or beer in lieu of one litre of spirits.
	Budget may tackle housing, foreigners issue MPs expect the upcoming Budget on Monday to introduce measures to address the simmering discontent among people
	Bold' Budget to drive next lap of growth Finance Minister says a new approach will be taken to boost economy.

	What's hot in the Budget debate The 'hot list' is based on interviews with 30 MPs. --new
	First-timer's guide to 'cuts' and 'guillotine' New to the Budget debate? Learn the basics here. --new
	Of tax rates, SMEs and going green Singapore has a unique opportunity in the wake of the global credit crunch.
	Make the Budget positive for everyone MOF should provide tax incentives to individuals to maintain household spending power.
	The recommendations at a glance The Economic Strategies Committee unveiled ambitious plans for Singapore's economic transformation yesterday at the National Library.
	A brave new growth path Tough journey ahead, but it'll be worth it to achieve higher incomes.

	Budget wish list: Tax help for local firms Calls to cut personal income tax, extend GST offset package as well.
	What companies want Businesses are finding it difficult to find workers willing to take lower-end jobs.
	Firms hope for help with rising costs On their Budget 2010 wish list: lower taxes, utility bills and bank loan rates.
	Big 4 accountants root for tax cuts to cement growth story But others point to need to replenish the govt coffers.
	Worker training on Budget wish lists The Spur programme was introduced to encourage employers to retrain rather than retrench staff.

Towards an advanced economy: Superior skills, quality jobs, higher incomes

• Economic Performance
• Towards an Advanced Economy
• Raising Productivity: Skills, Innovation and Economic Restructuring part 1
• Raising Productivity, Skills, Innovation and Economic Restructuring part 2
• Raising Productivity, Skills, Innovation and Economic Restructuring part 3
• Growing Globally Competitive Companies part 1
• Growing Globally Competitive Companies part 2
• Growing Globally Competitive Companies part 3
• Including All Singaporeans in Growth part 1
• Including All Singaporeans in Growth part 2
• Budget Position
• Conclusion

"this time round more needs to be done on the 'middle' income earners. This group of people are neither here nor there."

"Bunch of ungrateful people.
Nothing that the govt does seem to satisfy all of you.
Only know how to complain.

» Have your say here.

Email REACH:
reach@reach.gov.sg

SMS REACH:
9-Speak-Up
• For more REACH feedback channels, click here.
mailto

Write to:
Ministry of Finance
@ 100, High Street,
#10-01 The Treasury, Singapore 179434

Telephone:
1800-226-0806 (toll-free)
8.30am to 5.30pm,
Mondays to Fridays

Fax:
6332-7435
(Attn to: Budget 2010 Feedback)