SINGAPORE (Feb 19): All Singaporeans aged 21 and above will receive a one-off “SG Bonus” of $100, $200, or $300, depending on their annual income, Finance Minister Heng Swee Keat announced at his 2018 Budget statement on Monday.

The budget statement comes after Singapore's trade-reliant economy in 2017 recorded full-year growth of 3.6% – the highest in three years.

According to Heng, the “hongbao” is a way to share some of the year’s budget surplus with the nation.

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