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Learn about the history, rate, exemptions and offsets of GST, a value added tax (VAT) of 9% levied on most goods and services in Singapore. Find out how GST affects different sectors, such as digital services, low-value goods and healthcare, and how it is planned to increase in 2023 and 2024.
Learn how fares and ticketing are regulated and calculated on the Mass Rapid Transit (MRT) system in Singapore. Find out about the fare formula, fare review, fare zones, fare concessions, and ticketing methods such as EZ-Link, NETS, and CEPAS.
Learn the concept of time value of money, which is the idea that receiving money now is better than later. Find out how to calculate present and future values, annuities, and interest rates using formulas and examples.
The proposed amendment will merge the Currency Fund with the other funds of MAS and streamline MAS's operations. The Government has said that its support for the currency in circulation, as set out in the Currency Act, remains unchanged. [10] Singapore's foreign reserves officially stood at over US$288.2 billion, as of July 2022 according to ...
The central bank and financial regulator of Singapore, established in 1971. It manages the exchange rate of the Singapore dollar, which is a basket of currencies of major trading partners, and aims to promote price stability and economic growth.
Learn about Singapore's highly developed mixed market economy with dirigiste characteristics, ranked as the most open, least corrupt and pro-business in the world. See its GDP, trade, FDI, public finances, foreign reserves and more.
Because the rail operators are government-assisted, profit-based corporations, fares on the MRT system are pitched to at least break-even level. [60] [210] The operators collect these fares by selling electronic data-storing tickets, the prices of which are calculated based on the distance between the start and destination stations. [206]
The Government of Singapore is defined by the Constitution of the Republic of Singapore to consist of the President and the Executive. Executive authority of ...