Singapore's budget gives companies, public a break

Article Abstract:

Singapore's 1996 budget plan will feature major reductions in corporate and personal income tax rates. Income tax rates for individuals will be cut by two percentage points while rates for corporations will be reduced by one percentage points. In addition, the budget also includes rent rebates, exemptions for charitable contributions and cash gifts for armed forces personnel. Such measures are aimed at reducing the country's fiscal surplus whose 1996 projections have recently revised and estimated at around $5 billion by the end of FY 1996 on Mar. 31, 1997.

Public Finance Activities, Personal Income Taxes, Corporate Income Taxes, Laws, regulations and rules, Income tax, Personal income tax, Tax policy

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Singapore will build light-rail extension for commuters

Article Abstract:

The Singaporean government announced plans to construct a new $846 million light-rail transit system. The new light-rail extension will shuttle commuters between housing developments and the existing Mass Rapid Transit subway. The project is in line with the government's efforts to promote public transportation. Government officials hope to minimize car ownership by imposing high fees and taxes and providing a comprehensive, highly-efficient mass transit system.

Regulation and Administration of Transportation Programs, Rail Mass Transit, Urban Transit Systems, Local and suburban transit, Railroad Programs, Planning, Transportation policy, Light rail transit, Railroad policy

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Singapore plans chip plant; Hewlett Packard is partner in new venture

Article Abstract:

Singaporean government-owned Chartered Semiconductor Manufacturing Pte. Ltd. and the Economic Development Board are set to build a silicon-chip manufacturing plant with Hewlett-Packard Co. under joint venture company Chartered Silicon Partners Pte. Ltd. The factory, which is expected to start production in mid-1999, will manufacture application-specific integrated circuit chips.

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Silicon Chips, Semiconductor industry, Semiconductor chips, Integrated circuits, Joint ventures, Buildings and facilities, Hewlett-Packard Co., HWP, Singapore. Economic Development Board, Chartered Semiconductor Private Ltd., Chartered Silicon Partners Pte. Ltd.

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