Economy
Gov’t sends Finance Minister Wong to attend G20 Meeting
Gov’t sends Finance Minister Wong to attend G20 Meeting
The G20 meeting will be held in Venice, Italy from 9 to 11 July.
Additional $1.2b announced for COVID-19 support measures
This includes the extension of the Job Support Scheme for vulnerable industries.
MOF consults industries on tax system changes
Singapore ensures that it will safeguard taxing rights and will seek to minimize the compliance burden for businesses in the adjustment.
MOF seeks feedback on Goods and Services Tax Act amendments
The Ministry of Finance plans to amend the introduction of GST on imported low-value goods and non-digital services.
Payment delays increase in Q2
More companies, particularly in retail and consumer services, were not able to pay for transactions on time.
Economic growth could exceeed 4-6% forecast: MAS
MAS Managing Director Ravi Menon said the government could upgrade its GDP forecast for 2021.
MAS net profit plummets by more than 50% to $5.2b
Half of the profit will be added to its reserves, whilst half will go to the government.
UK-SG forge new financial partnership
The two maritime nations have committed to strengthen regulatory cooperation and accelerate green finance.
Chart of the Day: Singapore's elderly population to increase to 40.1% in 2050
The proportion of people aged 65 or older in the ASEAN region is above 7%.
Daily briefing: SG’s GDP likely to exceed 4-6% forecast; SG tightens measure for travellers from Australia
And power and gas tariff to increase between July and September.
SIA, SIAE, Singtel potential candidates for company restructuring: Maybank
Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?
SG-UK digital economy deal negotiations underway
It is aimed at providing a seamless digital trade and business between the two countries.
Economic recovery on track despite month-long economic halt: Maybank
But a high risk of inflation overshooting.
Vaccinated Singaporeans may soon be able to travel abroad: Lawrence Wong
Elderly Singaporeans are also urged to get vaccinated as soon as possible.
MAS, financial industry extend support measures for individuals, SMEs
Loan tenures will be extended between 3-5 years.
Headline inflation seen to rise up to 1.5% in 2021
Overall inflation rose to 2.4% in May, the highest since November 2013.
Government should remain flexible if recovery loses momentum: AMRO
The Singapore economy expects a strong rebound but the outlook still remains uncertain.
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