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Budget 2020

RadX

By RadX,
in Lite & EZ

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Watwheels

Watwheels

Supersonic
(edited)

Talk more on gst increase lo, what's new? I think this will be the main chorus. Keep singing the same tune over and over. Take turns and sing the same tune. Sianz.

The opposition might lose most of their alternative voice due to sue until pants drop. No voice left to kao peh gst increase. 

Seriously, seek public feedback is patronising us fools.

Sad year ahead, y'all. Take care.

Edited by Watwheels
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Beehive3783

Beehive3783

Twincharged
2 hours ago, RadX said:

Gathering feedback now

 

lai lai....watch this thread if there are any goodies.

https://sg.news.yahoo.com/singapore-government-seeking-public-feedback-ahead-of-budget-2020-071207073.html

 

Same old shit every year la....

Increase some taxes, then give some rebates to offset the increase, but net net they still win.

Give you chicken wing, later take back whole chicken.

What's new?

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Maxus-MIFA9

Maxus-MIFA9

Supersonic
(edited)

Lower pump price ($1.80 for V-powr, $1.50 for 98, 1.20 for 95 & $1.00 for Diesel) ..... :a-happy:

Afterall, we gonna to pay per road use from 2020 (new ERP unit) ... :wut:

Lower pump price, ppls use vehicles more and LTA collect more for road usage ... :we-all-gonna-die:

Edited by Picnic06-Biante15
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Throttle2

Throttle2

Supersonic

Our fathers mothers time play gasing and lom chiam pas and zero point.

now 2020 still playing those same games.

alamak, my 4G koyak again....network unstable

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Beehive3783

Beehive3783

Twincharged
19 hours ago, Picnic06-Biante15 said:

Lower pump price ($1.80 for V-powr, $1.50 for 98, 1.20 for 95 & $1.00 for Diesel) ..... :a-happy:

Afterall, we gonna to pay per road use from 2020 (new ERP unit) ... :wut:

Lower pump price, ppls use vehicles more and LTA collect more for road usage ... :we-all-gonna-die:

Whatever that goes up will never come down. PAP style.

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Throttle2

Throttle2

Supersonic
19 hours ago, Picnic06-Biante15 said:

Lower pump price ($1.80 for V-powr, $1.50 for 98, 1.20 for 95 & $1.00 for Diesel) ..... :a-happy:

Afterall, we gonna to pay per road use from 2020 (new ERP unit) ... :wut:

Lower pump price, ppls use vehicles more and LTA collect more for road usage ... :we-all-gonna-die:

Dream on. 
its all gonna add up more in $ and higher in complexity.  
i know exactly what i will do. 

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Wt_know

Wt_know

Hypersonic
(edited)

budget 2017

budget 2018

budget 2019

budget 2020 to 3030

just ask yourself a basic question

what's WRONG to collect MORE ???

we need $100B for 100 years leh ... 

Edited by Wt_know
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Wt_know

Wt_know

Hypersonic
(edited)

wah .... 12.12 must whack gao gao liao

sekali 1 jan onwards everything up up and away ... 

AFC0A8A5-0AAA-4327-B291-E7DECA9D04BA.jpeg

Edited by Wt_know
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Wt_know

Wt_know

Hypersonic
(edited)

what can i say ... lai liao ... it's gonna be fast and furious 

chop chop get it done and move on ...

Edited by Wt_know
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inlinesix

inlinesix

Hypersonic
(edited)

https://www.straitstimes.com/business/economy/businesses-budget-wishlist-more-support-for-innovation-hiring-of-older-workers

Quote

Businesses' Budget 2020 wishlist: More support for innovation, hiring of older workers

Quote

SINGAPORE - Anticipating a tough year ahead for the Singapore economy, businesses hope the Budget will contain support for firms to innovate and develop capabilities in research and development, while also enabling them to hire more older workers.

A statement by The Singapore Business Federation (SBF) on Tuesday (Jan 21) said: "Manpower costs and the need for new or better ways to generate revenue have become the top challenges for businesses. While they recognise the importance of transformation to mitigate these issues, the cost of technology adoption is the biggest roadblock.

"And with a credit crunch experienced by one-third of the businesses, solving near-term issues like financing has emerged as a priority."

The SBF SME Committee submitted its recommendations to the Government on Dec 28 last year. Representing over 26,000 companies, SBF issues a list of recommendations for the Budget every year, some of which have been accepted.

It also noted issues have emerged amid a slowing economic environment as business sentiments remain weak, with nearly 50 per cent of respondents to a recent SBF survey expecting the Singapore economy to worsen this year.

To support companies in innovation, SBF recommended more funding help for companies in the areas of creation, regulation and the administration of their intellectual property filing in global markets.

The government can also put more resources into collaborative research and development (R&D) between institutes of higher learning, research organisations and local small and medium-sized companies (SMEs).

SBF also proposed financial incentives like a research expenditure rebate for SMEs.

"An option for a cash or cash-back system for companies that are not paying tax can be introduced to drive R&D activities amongst SMEs which are not yet profitable. This is currently practised by the Australian government, where companies with a turnover of less than A$20 million receive a refundable tax offset for eligible R&D expenditure," SBF said.

Besides technology, SBF also recommended that the government increase support for companies in hiring older workers, especially since the retirement and re-employment ages will be raised gradually over the decade.

SBF proposed that the Special Employment Credit, which provides subsidies of up to 11 per cent of older employees' monthly wages, be extended beyond Dec 2020.

A Temporary Employment Credit, which helps to cushion employers' costs in increased contributions to the central provident fund (CPF), can also be reintroduced every time the CPF contribution rates for older workers go up over the next decade.Other business-focused proposals by SBF include setting up a one-stop digital trade platform to help companies buy and sell products online, as well as a cyber security programme to help SMEs identify gaps and adopt solutions.

SBF chief executive Ho Meng Kit said: "Our businesses are increasingly aware of the importance of innovation and transformation... We hope the government can build on that momentum with robust measures that encourage, support and strengthen the digitalisation and R&D efforts of our companies. This will position them well for the future economy.

"At the same time, we should not ignore bread and butter issues like facilitating adequate cash flow for our SMEs, especially during this prolonged period of economic uncertainty."

Mr Kurt Wee, chairman of the SBF SME Committee, said: "The global slowdown in growth is likely to persist for the foreseeable future. Companies should seize this window of opportunity to upgrade their human capital, strengthen their digital capabilities and expand overseas for diversification of markets.

"Whilst more tangible support for SMEs is necessary this year, we would also like to encourage SMEs themselves to be more proactive in seeking out and leveraging available resources, be it provided by the Government, SBF or other trade associations and chambers."

 

Edited by inlinesix
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