Singapore’s Finance Minister Tharman Shanmugaratnam will deliver the 2011 budget speech in parliament on Feb. 18, the ministry said on its website today.
Posts Tagged ‘tharman shanmugaratnam’
Singapore says SGX-ASX merger merits decided by shareholders
November 22nd, 2010 |
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The benefits of a takeover by Singapore Exchange of ASX, operator of Australia’s main stock market, will be decided by its shareholders and not the island’s government, Finance Minister Tharman Shanmugaratnam said.
“The government cannot judge the commercial merits of the proposed merger,” Shanmugaratnam said. “The commercial merits will be decided by the respective shareholders of the two entities. Indeed, the transaction would need to be approved by the requisite majorities of the shareholders of both SGX and ASX.”
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Singapore to stay vigilant against property market bubbles
November 22nd, 2010 |
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Singapore will stay vigilant against property-market bubbles, Finance Minister Tharman Shanmugaratnam said in parliament today.
Interest rates are extremely low and the country will be “on guard” against inflation, he said.
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Singapore, Asia capital flows rising on growth, Minister says
November 22nd, 2010 |
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Growth is spurring capital flows in Singapore and Asia, Singapore’s Finance Minister Tharman Shanmugaratnam said in parliament today.
Capital inflows in Singapore are being intermediated efficiently and the island isn’t considering implementing capital controls, he said. The country will take steps if needed to keep markets stable, the minister said.
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Singapore expects 2010 Budget deficit of $3b
February 22nd, 2010 |
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Singapore expects a budget deficit of $3 billion in the year starting April 1 as the government boosts spending to help increase productivity, Finance Minister Tharman Shanmugaratnam.
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Singapore commits $450m to promote public-private co-innovation
February 22nd, 2010 |
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Singapore will spend $450 million over five years to spur partnerships between government agencies and private companies, Finance Minister Tharman Shanmugaratnam said in Parliament today. The city-state will also introduce a tax-deduction plan for so-called angel investors, costing $60 million over five years, he said in his budget speech.
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Singapore to offer tax incentives to upgrade businesses
February 22nd, 2010 |
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Singapore will provide tax incentives for businesses to upgrade their operations, Finance Minister Tharman Shanmugaratnam told Parliament in the nation’s budget speech today.
The city-state will also introduce a so-called productivity and innovation credit for “significant” tax deductions on activities including research and development, automation and registration of intellectual property, he said.
Singapore will spend $480 million a year on the plan.
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Government to increase foreign worker levies over 3 years
February 22nd, 2010 |
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Singapore will increase levies for companies hiring foreign workers as the country attempts to depend less on overseas labour, Finance Minister Tharman Shanmugaratnam said.
Levies will be increased in a phased manner over the next three years, Shanmugaratnam told Parliament today in the nation’s budget speech.
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Government to spend $2.5b over 5 years on labour training
February 22nd, 2010 |
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Singapore will spend $2.5 billion over five years in continuing education and training, Finance Minister Tharman Shanmugaratnam told Parliament in the nation’s budget speech today.
Double-dip risk for global economy remains, says Tharman: Update
September 9th, 2009 |
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Singapore must be prepared for a possible “double-dip” in the world economy as aggressive stimulus packages by governments were not sustainable, Finance Minister Tharman Shanmugaratnam said today.
“(We) have to be prepared for the possibility of a sluggish world economy or even a double-dip in 2010,” Tharman said in a speech to mark the Singapore Exchange’s (SGXL.SI) 10th anniversary.
Premature withdrawal of stimulus is a risk, Shanmugaratnam says
August 10th, 2009 |
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Premature withdrawal of stimulus measures would pose a risk to the global economy, Singapore Finance Minister Tharman Shanmugaratnam said in Kuala Lumpur today.
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