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Singapore’s success as a Business Hub

Singapore’s success as a Business Hub

3 factors behind Singapore’s success as a Business Hub

13 million new jobs have to be created!

13 million new jobs have to be created!

From the start to the end of “2-session” conference, my take of various announcements and speeches is the key focus on the economy. The Chinese govt is hoping that the private sector, which made up of millions of SMEs, would help to contribute to the 13 million new jobs that would need to be created […]

Singapore Budget 2019 – Diesel Tax Hike

Singapore Budget 2019 – Diesel Tax Hike

I would say this is the only new initiative in Budget 2019 that actually ask its subjects to contribute to the revenue side of the budget. The government has been able to fund all of its expenditures using its existing sources. Generally, existing sources are from tax revenue (funding about 70% of total expenditure), govt […]

Unproductive assets by the millions!!!

Unproductive assets by the millions!!!

  Which company or industry would be excited to sink in millions of dollar on this asset? What are you going to use the thousands of sq feet for? With the government’s attitude and action towards foreign labour, what will happen to the owners and landlords of industrial, residential and dormitory properties? Many of these […]

PTW Asia @ Semicon China

Best wishes to Torsten and team at the coming Semicon China

It is not about Now or Later

It is not about Now or Later

Is this a valid question and concern? I begin to ponder as to whether the current govt in 2018 could impose a decision to the future govt? Based on the votes for the Budget yesterday, is it a MUST that the future govt MUST increase GST by 2% (not 2.01% or anything else) between 2021 […]

DBS Survey on GST hike

DBS Survey on GST hike

I would love to see the survey questions. If I was a GST registered restaurant, my only concern would be whether my customers ie. the final end users, who would have to carry the final tax burden, would reduce their consumption and thus demand for my services. Would my restaurant have to close shop or not? […]