FIRST TRADING DAY OF THE YEAR OF THE DOG: ALL EYES ON HENG SWEE KEAT

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Dear readers, today is the first trading day of the Chinese Year of the Dog and I believe all eyes will be on Mr Heng Swee Kiat, Singapore’s Finance Minister as he delivers Singapore Budget 2018. This year’s Budget is especially noteworthy since it is likely, as what many expected that the Government will be announcing plans to increase taxes, especially GST since the last increase many years ago.

I believe any announcement of tax hikes will be felt on the Singapore stocks markets and hence for those eager to enter the Singapore stocks markets now, it may be prudent to sit on the fence for the timeline and watch how the hikes of taxes, if any will be absorbed by the Singapore stocks markets in general and specific stocks.
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