Budget 2015
DPM Tharman DPM and Finance Minister Tharman gave his Budget 2015 speech in Parliament today (23 Feb). Here are some of the highlights: FY2014 fiscal position The government had budgeted for an overall deficit of $1.2 billion (or 0.3% of GDP) for FY2014, ending 31 Mar 2015. Mr Tharman said that they now expect a very small deficit...
Religious groups unhappy over loss of Sengkang bid
Dr Lam Pin Min, MP Sengkang West In the recent Sengkang columbarium saga, it was revealed that Eternal Pure Land Pte Ltd (EPL), a subsidiary of an Australian "for-profit" public listed company, had won the HDB land tender last year. With its financial muscles supported by the parent public company, EPL managed to outbid the...
LBW calls for raising of HDB qualifying income ceiling
MP Lee Bee Wah In a sign that private homes are increasingly out of reach to middle-income Singaporeans, Chairman of the Government Parliamentary Committee (GPC) for National Development, Lee Bee Wah, has called for the qualifying income ceiling to be raised to allow more people to buy HDB flats. Ms Lee acknowledged that more...
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