2021-03-08
Singapore is world’s freest economy Singapore’s economy has been ranked the most free in the world this year in the Heritage Foundation’s 2021 Index of Economic Freedom, the second year in a row it topped the list. The Republic scored 89.7 points, with its overall score having increased by 0.3 points from 2020, primarily because of an improvement in points gained for government spending, the conservative Washington think-tank said on Thursday (March 4). Singapore’s score placed it far ahead of both the regional average for 40 countries in the Asia Pacific (60.2) and the world average (61.6).It was followed in […]
2021-02-25
Singapore Budget 2021: What should Business Owners know? In February 2021, Singapore’s Deputy Prime Minister, Coordinating Minister for Economic policy and Minister of Finance, Mr Heng Swee Keat, delivered the government’s budget statement for the fiscal year 2021. The budget for the new fiscal year is entitled “Emerging Stronger Together”. The Singapore government allocated $100 billion to fight the epidemic last year. The Singapore government has launched five budgets plans last year to combat the epidemic, with a total allocation of nearly $100 billion to help the nation’s people and businesses weather the storm and ensure the safety of all. […]