33.4 C
Sunday, March 3, 2024
Home Business Singapore Budget 2020: Business Highlights

Singapore Budget 2020: Business Highlights

The Singapore Budget 2020 outlines the country’s budget allocation with Singapore’s current and future needs in mind. This article summarises the highlights of the Singapore Budget concerning businesses.


1. $800 million support for COVID-19
2. Stabilisation and Support package of $4 billion
3. GST to remain at 7% for 2021
4. $8.3 billion to enable transformation and growth efforts
5. Supporting lifelong learning with SkillsFuture Enhancements

* Summarised from Singsaver https://www.singsaver.com.sg/blog/singapore-budget-2020-key-highlights 

More information on the Singapore Budget 2020: https://blog.seedly.sg/singapore-budget-2020-summary/


- Advertisment -

Most Popular

Entrepreneur Talk – Jeffrey Tan

Entrepreneurship often begins with a spark of passion and a vision for creating something unique. In this interview, we delve into the journey of...

How a Legal Victory for XRP Boosted Crypto Market Confidence

The crypto market has been on a roller coaster ride in the past year, with prices plummeting due to regulatory crackdowns, legal battles and...

Why Temasek is backing away from crypto-related companies

Singapore’s state-owned investment giant Temasek has recently announced that it is dropping its plans to invest in crypto exchanges, citing regulatory uncertainties and market...

Entrepreneur Talk – Kenwyn

Some of the best businesses are started out of a hobby, and that's what has happened for Kenwyn. Read on to find out more about...