Sinema.SG LIVE! Episode #06: #SGBudget2020 First Looks1 min read

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On this episode of Sinema.SG LIVE! we do a brief rundown of DPM Heng’s Budget 2020 speech and discuss the measures that are relevant to the industry. Link to the pdf of the budget here: https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fy2020_budget_statement.pdf

Timestamps:
(0:00) Start of episode
(0:40) Brief introduction of the rundown
(2:10) Brief summary of the budget
(4:48) A11 – Stabilisation and Support Package
(5:49) A19c – Enterprise Financing Scheme’s Working Capital Loan
(7:10) A26 – GST rate increase
(9:14) B16 – Trade Associations and Chambers
(12:24) B26c – Market Readiness Assistance grant
(12:54) B37 – “70-70” target
(13:33) B41 – one-off SkillsFuture Credit top-up of $500 for every Singaporean aged 25 years and above
(15:46) B43a – SkillsFuture Enterprise Credit
(17:50) B46c – SkillsFuture Credit top-up of $500 to every Singaporean aged 40 to 60 in 2020
(18:35) C20a – Care and Support Package
(20:56) D16c – Commercial Emissions Scheme
(22:22) E9a – Our Singapore Fund
(24:11) Conclusion