Monday , January 20 2025

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Singapore readies sales tax hike as demographic crunch looms

Singapore readies sales tax hike as demographic crunch looms

Singapore households are bracing for a sales tax hike that takes effect in the new year as the government shores up coffers ahead of an expected surge in social spending in the rapidly ageing city-state in the years ahead. The goods and services tax, which is levied on everything from …

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FDI surges 32% to $36B

Foreign direct investment pledges have topped US$36.6 billion for the year, a 32% jump from last year. Some $20.2 billion was invested in 3,188 new projects, up 62.2% and 56.6%, according to the Foreign Investment Agency (FIA). The rest went into expanding existing businesses and acquisition of stakes. A record …

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