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Finance

Wealth such as capital income and inheritances ought to be taxed to curb growing inequality in Singapore: Prof Donald Low

The absence of any mention regarding new forms of wealth taxation or increase in current forms of such taxation in the 2019 Budget Statement is a cause for concern, as it may pave the way to greater wealth inequality in Singapore when coupled with slow economic growth and an ageing population, said Professor of Practice and Director (Leadership and Public Policy) …

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Award of tender for land parcels for general agriculture at Sungei Tengah

The Agri-Food & Veterinary Authority of Singapore (AVA) has announced that it awarded the tender for one land parcel for general agriculture (food) and two land parcels for general agriculture (non-food) at Sungei Tengah. According to the authority, the tender was launched on 14 June 2018 and closed on 23 August 2018, in what was said to be the first land …

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#SGBudget2019: Gov expenditure to increase in key areas such as defence & security, technology & enterprise, and social spending

In a bid to manage the ever-growing threats of cybersecurity breaches and terrorism in the Southeast Asian region, as well as to mitigate the negative effects of a globalised economy and workforce, the Singapore Government will increase its expenditure in key areas such as defence and security, technology and enterprise, and social spending to uplift the livelihoods of Singaporeans. Finance …

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#SGBudget2019: Reduced travellers’ import tax relief to offset GST increase, more returns for lower and middle income S’poreans

The increase in the Goods and Services Tax (GST) from 7% to 9% will be mitigated through the scaling down of tax relief received by travellers, said Finance Minister Heng Swee Keat. Mr Heng, in delivering the Singapore Budget 2019 in Parliament on Monday (18 Feb), said that given “the rise in international travel” into and through Singapore, the Government will …

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Hyflux CEO grilled over being paid S$60mil in dividends while firm resorted to seeking protection from creditors

Troubled water treatment firm Hyflux’s Board of Directors, through its founder and executive chairperson Olivia Lum, were grilled by the Securities Investors Association Singapore (SIAS) over her apparent lack of participation in restructuring efforts despite receiving a payment of more than S$60 million in dividends from her 34 per cent ordinary shareholding in the firm. A statement by SIAS written on Friday …

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Three reasons your startup should hire an intern

by ValueChampion Do you think an intern could help you get your startup off the ground? Here are 3 reasons you should consider hiring an intern and a few others to make you think twice about this move. Growing a small business can be an arduous endeavor. Not only do business owners need to create, market and sell their product, they …

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Five uncomfortable financial conversations you must have with your loved ones

by ValueChampion Being open and honest is always beneficial in your important relationships. It is equally important to have these qualities when discussing personal financial matters in order to maintain healthy relationships and finances. It can be awkward or even painful to have tough financial discussions with your loved ones. However, avoiding these conversations can be disastrous for your relationships and …

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Should you share your credit card account with your partner?

by ValueChampion It may be a nice, romantic gesture, but is it wise to share your credit card account with your partner? We assess the economic benefits and downsides of credit card account sharing to help you decide if this is the right move for your relationship. For both long-term couples and newlyweds, there has been an unending debate around whether …

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