Singapore Budget Set to Focus on Living Costs in Transition Year [Financial Post (Toronto, Ontario, Canada)]
MALAYAN BKNG BERHAD S/ADR (MLYBY)
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Source: Financial Post
spending plan seen as the priority list for the city-state's new generation of leaders. Author of the article: (Bloomberg) — Singapore will likely seek to defray living costs and support retrenched workers and small businesses through its annual budget Friday, with the spending plan seen as the priority list for the city-state's new generation of leaders. In his second budget speech after being anointed the prime minister-in-waiting, Finance Minister Lawrence Wong is also expected to train his sights on longer-term objectives including boosting Singapore's competitiveness as an investment destination and managing green goals. Article content Article content Analysts surveyed by Bloomberg expect the passing of the baton from Prime Minister Lee Hsien Loong to Wong to be smooth, priming the economy for faster expansion. There are more immediate risks Wong must contend with, including supply chain disruptions amid a conflict in the Middle East, elevated borrowing costs and tep
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