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Winners and Losers in Singapore Budget

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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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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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