Let's Talk, Singapore

In this morning's The Breakfast Brief we discuss the reactions of Singapore's recent Budget 2022 and break down what analysts see as the main winners and losers from the budget. 

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In the months leading up, Singapore has outlined the need to raise current prices of around $5 per tonne, likely to a previously announced rate of $10 to $15 tonne with effect from 2024. Nuomon Han, Senior Consultant, Wood Mackenzie discuss how governments should price the cost of carbon emissions to ensure the effective influence of investment decisions and what needs to be done to manage carbon emissions universally.

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As Singapore prepares for new international tax rules, there is room to consider how fiscal tools should be introduced to attract and anchor businesses here, while at the same time scope out the effectiveness of current and future tax incentives. Mark Addy, Partner, Energy & Natural Resources, Telecommunications, Media & Technology, Tax, KPMG in Singapore shares more about KPMG's proposition for Singapore's upcoming Budget 2022 and how we can seamlessly adapt to the changing tax landscape while creating jobs and increasing competitiveness.

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Mr Lawrence Wong will put on a different hat as Finance Minister as he delivers his first Budget statement, one which is expected to include measures to put Singapore on a surer footing for the post-Covid-19 future. Vikram Khanna, Associate Editor, The Straits Times shares what we can expect from Budget 2022 and how Budget 2022 will give Singaporeans 'confidence' to embrace our journey forward. 

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With Singapore's Covid-19 rules being simplified, some restrictions will be lifted in the coming weeks. Safe management measures will be streamlined to focus on five areas; group sizes, mask-wearing, workplace rules, safe distancing and capacity limits. Dr Asok Kurup, Infectious Disease Expert, Mount Elizabeth Hospital shares where Singapore is at right now in its journey towards endemic and wtih children being more susceptible to the Omicron variant, what do these new relaxed measures mean for them. 

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