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Updated: 57 min 48 sec ago

Carbon tax could hit companies hard

Mon, 02/20/2017 - 20:00
SINGAPORE - A carbon tax will put a dent in companies' bottom lines, but experts say such a measure to reduce the carbon footprint is preferable to other forms of carbon pricing, as there would be minimal price fluctuations for businesses and a smaller chance...

S$1.4b in near-term measures to support businesses

Mon, 02/20/2017 - 20:00
SINGAPORE - More than S$1.4 billion in support measures for businesses will be rolled out over the next year, including the enhancement of the Corporate Income Tax Rebate and the extension of the Additional Special Employment Credit, Mr Heng Swee Keat said in...

Govt to spend S$400m yearly to get disabled job-ready

Mon, 02/20/2017 - 20:00
SINGAPORE - More help will be given to those with moderate intellectual, as well as multiple, disabilities in the form of training programmes to prepare them for employment, said Finance Minister Heng Swee Keat in his Budget statement yesterday. Currently,...

S$80m war chest to help SMEs tap digital revolution

Mon, 02/20/2017 - 20:00
SINGAPORE - To encourage small and medium enterprises (SMEs) to adopt digital solutions, the Government will provide more than S$80 million in advice and funding. The plans also include establishing a new SME technology hub targeted at local...

Singtel moves to seize opportunity in cyber security

Mon, 02/20/2017 - 20:00
SINGAPORE - Telecommunications company Singtel has set its sights on a goal: To train 130 fresh graduates and mid-career information technology professionals in cyber security by next year. Upon graduation from the Cyber Security Associates and Technologists...

S$600m fund to help local firms hit the world stage

Mon, 02/20/2017 - 20:00
SINGAPORE - To help companies innovate and break into the international market, the Government will invest S$600 million into a new International Partnership Fund, which will co-invest with Singapore-based firms to encourage them to compete overseas. Finance...

New scheme to bump up training for job-seekers

Mon, 02/20/2017 - 20:00
SINGAPORE - The Government will introduce an "Attach and Train" programme aimed at helping workers to get jobs in sectors with good growth prospects but where companies may not be ready to hire just yet. Under this initiative, industry partners are encouraged...

Govt to set aside S$2.4b over next four years to kickstart CFE schemes

Mon, 02/20/2017 - 20:00
SINGAPORE - To implement the strategies of the Committee on the Future Economy (CFE), the Government will set aside S$2.4 billion over the next four years as part of the Budget, said Finance Minister Mr Heng Swee Keat yesterday. This is in addition to the...

New taxes or higher rates needed to fund growing needs

Mon, 02/20/2017 - 20:00
SINGAPORE - The Government will need to introduce new taxes or raise tax rates to boost its coffers to fund growing needs in healthcare and infrastructure in the long term, said Finance Minister Heng Swee Keat. Without giving specifics, he said these must be...

S$150m Public Sector Construction Productivity Fund unveiled

Mon, 02/20/2017 - 20:00
To further boost the Republic's faltering construction industry, a S$150 million Public Sector Construction Productivity Fund will be introduced to allow government agencies to procure innovative and productive solutions. The fund aims at allowing these new...

Foreign worker levy hikes deferred for marine, process sectors

Mon, 02/20/2017 - 20:00
SINGAPORE - The increases in the foreign worker levy (FWL) for the marine and process sectors will be deferred for another year, after they were put on hold last year. The Government will also bring forward S$700 million worth of public sector infrastructure...

More funding for cultural activities, sports to strengthen community bonds

Mon, 02/20/2017 - 20:00
SINGAPORE - More financial support will be given to cultural activities, community sports, voluntary welfare organisations (VWOs) and self-help groups, as part of the Government's efforts to strengthen community bonds, Minister for Finance Heng Swee Keat...

New three-tiered system for motorcycles announced

Mon, 02/20/2017 - 20:00
SINGAPORE - New big bikes would be taxed more heavily, while a portion of the Certificate of Entitlement (COE) quotas from deregistered motorcycles would no longer go into the Open Category for bidding, Finance Minister Heng Swee Keat announced...

Taking the path less travelled, to make a real difference

Mon, 02/20/2017 - 20:00
SINGAPORE - Had he not ventured overseas and experienced first-hand the revolutionary potential of start-ups, Mr Mohan Belani would have become a white-collar worker in a government organisation or private corporation, the way most of his peers and friends...

Man fined S$23,000 for illegal estate agency work

Mon, 02/20/2017 - 06:40
SINGAPORE - A 56-year-old Singaporean man was convicted in court on two charges of conducting estate agency work without a valid real estate licence nor a registered salesperson with the Council for Estate Agencies (CEA). Shakir Khan was sentenced to pay a...

PM Lee lauds historic Singapore-Israel ties

Mon, 02/20/2017 - 06:39
SINGAPORE - Israel and Singapore are "old friends" and bilateral ties which go back to 1965 have now expanded beyond defence and security, said Prime Minister Lee Hsien Loong on Monday (Feb 20). During a joint press briefing with visiting Israeli Prime...

New laws in works to stop parents in custody battles from skipping town with kids

Mon, 02/20/2017 - 04:00
SINGAPORE - Laws could be introduced to prevent parents embroiled in custody battles from breaching court orders and leaving the jurisdiction with their children. Announcing this at the Family Justice Courts work plan seminar held on Monday morning (Feb 20),...

Private ambitions

Mon, 02/20/2017 - 00:43
SINGAPORE- Many working adults see taking up a course in a private education institution as a tried-and-tested way to a better education and improved career prospects. While the goal is straightforward enough, the same cannot be said for its outcomes or the...

The world is his classroom

Sun, 02/19/2017 - 22:00
While most returning students begin 2017 cooped up within the four walls of a classroom, second-year UniSIM student, Rayner Loi Kit, started the year with a two-week Adventure Leadership Programme in the heart of New Zealand's wilderness. The experience is...

Israeli leader to meet PM Lee in two-day visit to Singapore

Sun, 02/19/2017 - 21:00
SINGAPORE - Israeli Prime Minister Benjamin Netanyahu will pay a two-day official visit to Singapore starting on Monday (Feb 20), a reciprocal visit following Prime Minister Lee Hsien Loong's trip to the Middle Eastern country last year. During his visit, Mr...