Heng Swee Keat

Budget 2019

More benefits for local workforce from enterprise initiatives; services to undergo foreign worker quota cuts

SINGAPORE (Feb 18): Starting from April 1 2020, Singapore will require all transformation efforts supported by Enterprise Singapore’s Enterprise Development Grant to include positive outcomes for workers, such as wage increases.  

Budget 2019

Singapore to invest $15.5 bil in defence, security & diplomacy efforts

SINGAPORE (Feb 18): The Singapore government has committed to invest some $15.5 billion – which is equivalent to about 30% of its total expenditure this year – to support the city state’s defence, security and diplomacy efforts.

Budget 2019

Singapore plans cautious budget ahead of election

SINGAPORE (Feb 18): Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year.

Singapore Budget

Singapore's aged in line for pre-election budget bonus

SINGAPORE (Feb 11): Singapore's elderly are primed to benefit from a generous budget unveiled next week, analysts say, as the government prioritises the needs of a fast-ageing population ahead of an election expected as soon as this year.  

Singapore Budget

Singapore government likely to adopt looser fiscal policy; bumper budget could signal early elections: Fitch Solutions

SINGAPORE (Jan 22): Fitch Solutions Macro Research says it expects the Singapore government to adopt looser fiscal policy for FY19/20 (April-March) in an effort to cushion the economic slowdown due to unfavourable global economic conditions.

Singapore economy

Singapore economy grows 3.3% in 2018

SINGAPORE (Jan 1): Singapore’s economic growth held above 3% for a second year, Prime Minister Lee Hsien Loong said, calling on the nation to rally around a new team of leaders and ensure continuity as he prepares to step down.

Singapore economy

As Singapore enters twilight of Lee era, ruling party prepares for change

SINGAPORE (Nov 27): Modern city-state Singapore is a predictable place: it's hot and humid every day, unabashedly pro-business, immaculately clean – no chewing gum anywhere – and the government is usually run by a Lee.

Singapore economy

Singapore picks finance chief Heng as de facto successor to PM Lee

SINGAPORE (Nov 23): Singapore’s ruling People’s Action Party tapped Finance Minister Heng Swee Keat as the de facto successor to Prime Minister Lee Hsien Loong on Friday, kicking off the city-state’s third leadership transition in its 53-year histor

Singapore economy

Singapore set to pick Heng as successor to PM Lee

SINGAPORE (Nov 23): Singapore is expected to tap Finance Minister Heng Swee Keat as the de facto successor to Prime Minister Lee Hsien Loong on Friday, kicking off the city-state’s third leadership transition in its 53-year history.

Singapore economy

Singapore may signal Premier Lee's likely successor this week

SINGAPORE (Nov 22): Singapore may give its strongest signal yet this week about who might succeed Prime Minister Lee Hsien Loong as leader.
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