Winners and Losers in Singapore Budget

In a bid to boost growth and productivity amid global economic and geopolitical uncertainties, Singapore Finance Minister Heng Swee Keat announced measures to support infrastructure projects and industries like marine and processes.

The 2017 budget comes less than two weeks after a government-appointed panel, led by Heng, outlined initiatives to propel the economy into its next phase of growth. The range of measures aim to help spur growth to 2 percent to 3 percent a year over the next decade. Here are some of the biggest winners and losers of the Singapore budget.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.