Singapore Budget 2015 - #27
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- Category: Singapore News
Budget 2015 will introduce two sets of measures to strengthen savings and income in retirement.
They are enhancements to the CPF system and the introduction of the Silver Support Scheme (SSS).
Source: MOF #SGBudget2015
Singapore Budget 2015 - #26
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- Category: Singapore News
Singapore’s social security system is built on four pillars:
1. Home Ownership
2. CPF
3. Healthcare Assurance
4. Workfare
Besides the four pillars of social security, the Government has also enhanced safety nets such as Comcare and Medifund to help Singaporeans who fall on hard times.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #25
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- Category: Singapore News
Singapore’s third key strategy to promote internationalisation is to encourage Mergers and Acquisitions (M&A). Scale is important as it helps companies attract and develop talent, effectively invest in innovation and compete effectively overseas.
The Government will encourage M&A in two ways:
(i) The M&A scheme introduced in 2010 will be extended for another five years
(ii) The scope of IE Singapore’s Internationalisation Finance Scheme (IFS) will be extended to support M&A that will aid a company’s overseas expansion.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #24
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- Category: Singapore News
Singapore’s next key strategy to grow our top-line is to support our companies to internationalise. In this budget, we will further support them in three ways:
1. Support level for SMEs under all activities under IE Singapore’s grant schemes to be raised from 50% to 70% for three years
2. Double-Tax Deduction for Internationalisation (DTDi) scheme will be enhanced to cover manpower expenses incurred when setting up an overseas entity
3. New tax incentive, the International Growth Scheme (IGS), will be introduced to provide greater and more targeted support for larger Singapore companies in their internationalisation efforts
In total, these three enhancements to our schemes for internationalisation are expected to cost $240 million.
Source: MOF #SGBudget2015
Singapore Budget 2015 - #23
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- Category: Singapore News
In this Budget, the Government will provide more financing options to further deepen the market in Singapore for financing innovative start-ups:
a. First, reducing post-seed funding gaps for start-ups by increasing the amount that the Government co-invests with private investors in SPRING’s Startup Enterprise Development Scheme (SEEDS) and Business Angels Scheme (BAS), to catalyse more funds for start-ups with financing needs.
b. Second, piloting a venture debt risk-sharing programme with selected financial institutions.
Source: MOF #SGBudget2015
