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[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?
@Tiger_SG：
Welcome to READ the full PDF of Singarpore 2023 Budget Booklet. Singapore Finance Minister Lawrence Wong said the government will increase handouts( S$104 billion ($78.4 billion spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars. Below are some Industry and SG stocks winners that may benefit from the new budget measurements. Welcome Tigers to reply to this post regarding to 3 questions and get reward.(see to the bottom prizes and share to invite your friends to join now. 😃) 🌟 Measure 1: Plan to increase handouts to citizens by S$3 billion to S$9.6 billion in the fiscal year from April. Food and beverage maker $FRASER AND NEAVE, LIMITED(F99.SI)$, grocer $SHENG SIONG GROUP LTD(OV8.SI)$ and restaurant and food caterers such as $JUMBO GROUP LIMITED(42R.SI)$ and $KIMLY LIMITED(1D0.SI)$ could all benefit. $KEPPEL REIT(K71U.SI)$ and other consumption-focused real estate investment trusts may also gain. 🌟 Measure 2: Top up the ElderCare Fund by S$500 million and the MediFund by S$1.5 billion. The steps to increase resources for lower-income seniors can aid hospital operators such as $RAFFLES MEDICAL GROUP LTD(BSL.SI)$ . 🌟 Measure 3: Turbocharging job opportunities and Topping up national productivity fund by S$4 billion The boost of job opportunities for Singaporeans implies more business for staffing-solutions providers such as $HRNETGROUP LTD.(HRNTF)$ . 🌟 Measure 4 : Singapore will raise taxes for higher-value properties Residential properties valued at more than of S$1.5 million and up to S$3 million will be taxed one percentage point higher at 5%. Properties in excess of S$3 million will be taxed two percentage points higher at 6%. Singapore’s property bellwether $CITY DEVELOPMENTS LIMITED(C09.SI)$ fell the most since July 12 on Wendesday. $UOL GROUP LIMITED(U14.SI)$ dropped as much as 1.9%. 🌟 Measure 5: Singapore intends to set its effective tax rate for multinational enterprises at 15% starting 2025 Some world-renowned multinationals with a presence in Singapore include $Apple(AAPL)$, $Sony Group Corporation(SNEJF)$ , $Amazon.com(AMZN)$. A number of members of the $Straits Times Index(STI.SI)$ be designated as multinational corporations under local laws: $SINGAPORE TECH ENGINEERING LTD(S63.SI)$ ,$OVERSEA-CHINESE BANKING CORP(O39.SI)$, $DBS GROUP HOLDINGS LTD(D05.SI)$ ,$VENTURE CORPORATION LIMITED(V03.SI)$ . 💡Share Your Insights & Picks Please leave a message in the comments section of this post. How will those coming measures affect your life? Did you trade any of the above stocks before? Did you make any profits or losses? Pick you most bullish SGX winner regarding to this budget, and tell tigers why? 🎁Prizes 🐯All Tigers who comment on the following post will receive 10 Tiger Coins. 🐯10 Tigers will receive 100 coins for the most popular and high-quality comments. ⏰Activity Duration 15 February 2023-19 February 2023
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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