Tag Archives: Tharman Shanmugaratnam

BUDGET 2015: MUCH HIGHER TAXES FOR HIGH INCOME EARNERS

Top income earners will have to pay more personal income taxes starting 2017, announced Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in his Budget address today (Feb 23). This move will affect the top five per cent of income earners, who earn at least S$160,000. But it will hit highest income earners the hardest, said Mr Tharman, as marginal income tax rates rise significantly towards the top end of incomes.

Read More »

FIRMS, UNIONS AND GOVT TO IDENTIFY KEY SKILLS WORKERS NEEDED FOR NEW ECONOMY

Companies, unions and government agencies will be more involved in identifying key skills workers in various sectors will need in the future. The Singapore Workforce Development Agency will also enhance existing national training framework and develop sector-based competency frameworks that set out benchmarks for workers to upgrade themselves and plan their careers.

Read More »

DPM Tharman: SAF Must Remain A Strong & Credible Force

While Singapore has enjoyed peace, prosperity and progress for the past 49 years, the Republic’s success and stability must never be taken for granted because risks and volatility elsewhere could easily affect us and new security challenges will keep emerging, said Deputy Prime Minister Tharman Shanmugaratnam.

Read More »

Ministry of Finance contradicts Minister of Finance?

The obfuscation just keeps pouring in. In a ST report on July 9th 2014, the Ministry of Finance revealed the $5b in capital injection into Temasek came from proceeds from the Singapore Government Securities (SGS), as well as government budget surplus and the proceeds from government land sales. The Ministry also told the ST that “the capital injection did not include proceeds from the Special Singapore Government Securities (SSGS)which are instruments that the CPF Board uses to invest Singaporean’s CPF savings. In other words, Temasek does not manage any CPF monies, an MOF spokesperson reiterated”

Read More »