Singapore’s Finance Minister Heng Swee Keat. Photo: Reuters

Singapore budget: Health care package for elderly, foreign worker restrictions announced

  • Singapore will boost spending on health care for its ageing population, give some citizens a tax rebate and tighten restrictions on foreign workers
  • Authorities are trying to bolster an economy that is been hit by weaker global demand and provide more support for elderly citizens, while still sticking to a tradition of fiscal prudence
Topic |   Singapore

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Singapore’s Finance Minister Heng Swee Keat. Photo: Reuters
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Across the board, Singapore’s non-oil exports plunged 10.1 per cent in January, the third successive monthly decline, while oil exports fell by 3.2 per cent overall. Photo: AFP

Singapore’s January exports to China collapsed in ‘very worrying’ development for both economies

  • Oil and non-oil exports from the city state to the mainland fell dramatically in the first month of the year, the biggest fall since October 2016
  • The decline was led by plummeting electronics sales, sparking fears of a slump in global demand
Topic |   China economy

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Across the board, Singapore’s non-oil exports plunged 10.1 per cent in January, the third successive monthly decline, while oil exports fell by 3.2 per cent overall. Photo: AFP
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