Singapore to tax and spend through global headwinds

SINGAPORE – Finance Minister Lawrence Wong expects “positive but slower” growth in Singapore this year due to high inflation and a slowing global economy, headwinds the city-state hopes to address through an expansionary budget designed to help households and businesses. Unveiling a S$104 billion (US$78.4 billion) spending plan in parliament on February 14, Wong said […]Continue Reading

Indonesia promises move to clean energy, but challenges loom

SAMARINDA, Indonesia: In Indonesia’s region of East Kalimantan, the country’s dependence on coal is on full display. Driving on the region’s toll road, passers-by can watch excavators digging coal from shallow pits as trucks filled with the carbon-rich rocks rush by. Under a bridge in Samarinda, the region’s capital, hundredsContinue Reading

Singapore’s budget touts family values but overlooks single parents

Singapore’s 2023 budget, announced by Finance Minister Lawrence Wong on Valentines Day, held increased grants and support for new families and working mothers as living costs rise. But some fear single parents may miss out and are calling for greater inclusivity.

The post Singapore’s budget touts family values but overlooks single parents appeared first on Southeast Asia Globe.

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China’s fate in the hands of its tightfisted consumers

It was a bleak year for the Chinese economy in 2022. Strict zero-Covid measures and regulatory crackdowns on the real estate sector and digital platforms slowed economic growth significantly. The annual real GDP growth of 3% was significantly lower than the official target of 5.5%. Chinese President Xi Jinping has indicated that the economy is […]Continue Reading