FT tightening: ‘This is really killing a lot of businesses, many companies are dying’
(26 Feb) - Singapore tightened curbs on foreign labor for a fourth straight year and unveiled measures that will raise wage costs for companies through 2015, as the government steps up efforts to increase productivity among businesses. Companies must pay higher levies for lower-skilled foreign employees over the next two years...
SDP: Govt’s measures fail to address SG’s long-term needs
While the 2013 Budget attempts to address systemic problems that ail the nation, it continues to fall short, as with past Budgets, of addressing what Singapore really needs. The SDP welcomes Finance Minister Tharman Shanmugaratnam's acknowledgment of the income disparity in Singapore and his effort to tackle the problem through...
SG to Raise Property Tax Rates for Luxury Homeowners
CapitaLand Ltd.'s The Orchard Residences, center, stands in Singapore. For a condominium occupied by the owner in Singapore’s central region with an assessed annual rental value of S$70,000 ($56,547), the tax will rise 5 percent to S$2,780, according to the budget statement. (26 Feb) - Singapore plans to raise property...
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