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This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
2 April – Joseph Schooling, who won Singapore's first ever Olympic gold medal, retires from swimming at 28. [25]15 April – Lee Hsien Loong announces his resignation as the Prime Minister of Singapore effective on 15 May 2024, paving the way for the assumption of Deputy Prime Minister and Finance Minister Lawrence Wong as the next Prime Minister of Singapore.
Economists at Citi and Maybank expect a virus relief package of at least S$700 million ($505 million) at the Feb. 18 budget, while Singapore's biggest bank DBS predicts a deficit of S$7.9 billion ...
The Ministry of Finance (MOF; Malay: Kementerian Kewangan; Chinese: 财政部; Tamil: நிதி அமைச்சு) is a ministry of the Government of Singapore responsible for managing the fiscal policies and the structure of the economy of Singapore.
Any income arising from sources outside Singapore and received in Singapore on or after 1 January 2004 by an individual (other than partners of a partnership) is exempt from tax. This system has the potential to allow for tax avoidance practiced by individuals who derive income from abroad, gain tax exemptions via their non-resident status ...
The Supply Act is usually debated as the Annual Budget of the Government of Singapore.Before the end of each financial year, the Ministry of Finance prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins. [1]
As of 2023, the total size of the reserves has been conservatively estimated to be at least S$2.5 trillion (2024) (US$ 1.87 trillion), based on publicly available data from GIC, [a] Temasek, [b] MAS, [c] and CPF, [d] among others. It is generally assumed that Singapore's reserves are bigger, far-reaching and significant than publicly acknowledged.
William Farquhar, who served as the first resident of Singapore from 1819 to 1823. On 30 January 1819, Sir Stamford Raffles, an Englishman who was the Governor of Bencoolen (now Bengkulu, Indonesia), entered into a preliminary agreement with the Temenggung of Johor, Abdul Rahman Sri Maharajah, for the British East India Company to establish a "factory" or trading post on the island of Singapore.