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In Singapore, companies will receive a 50% corporate income tax rebate for the 2025 assessment year, as announced by Prime Minister and Finance Minister Lawrence Wong. Eligible firms, which must have at least one local worker in 2024, will also get a cash grant of S$2,000, with total benefits capped at S$40,000. Payments will be made automatically from the second quarter of 2025.

The government will also increase support for businesses that raise the salaries of lower-wage workers through the Progressive Wage Credit scheme. The co-funding level for wage increases will rise from 30% to 40% this year, and decrease to 20% next year while maintaining a higher rate of 50% in 2024. This support targets workers earning average monthly wages of up to S$4,000, provided there is an increase of at least S$100 each year. If an employer maintains the wage increase from one year to the next, co-funding will extend to both years. These initiatives demonstrate the government’s commitment to easing financial burdens on businesses while promoting investments in workforce welfare, especially for lower-wage employees. By providing tax rebates, cash grants, and wage co-funding, Singapore aims to bolster economic stability and encourage responsible business practices.

Read the original article here: https://www.channelnewsasia.com/singapore/budget-2025-corporate-income-tax-progressive-wages-4944546

Born in 1630 at Shivneri Fort, Shivaji Maharaj founded a progressive and well-administered kingdom recognized for its military strength, administrative reforms, and promotion of local language and culture. He is celebrated for his leadership, strategic warfare, and the establishment of ‘Swaraj’ (self-rule) in the face of Mughal dominance.

The holiday honouring Shivaji Maharaj begins with traditional ceremonies, where people gather at his statues and memorials to adorn them with flowers and garlands. During this time, the iconic Bhagwa (saffron) flag is hoisted amid chants of “Jai Bhavani, Jai Shivaji.” Communities organize various cultural programs, including historical plays that depict significant events from Shivaji’s life, martial arts demonstrations showcasing traditional Maratha warfare techniques, and exhibitions highlighting the rich heritage of the Maratha Empire. Educational institutions actively participate by conducting essay competitions, drawing contests, and special assemblies to help students learn about Shivaji’s principles and contributions.

The celebrations typically begin with formal military ceremonies where different units showcase their precision and discipline. A highlight of the day is the Guard of Honour ceremony, usually presided over by the Commander-in-Chief (the President), who delivers a keynote address highlighting the armed forces’ achievements and future objectives. Distinguished service members receive medals and recognition for their outstanding contributions during these formal proceedings.

The military organizes various public engagement activities to strengthen civilian-military relations. These include equipment exhibitions, military capability demonstrations, and open days at military bases, allowing civilians to learn more about their armed forces. The military band performs stirring renditions of patriotic music, adding to the day’s ceremonial atmosphere. Special attention is given to honouring fallen soldiers and recognizing veterans who have served the nation.

Community engagement forms a crucial part of the celebrations, with military-civilian sporting events, cultural performances, and educational programs organized across the country. These activities help promote public understanding of the military’s role while inspiring young people to consider careers in the armed forces. The day also serves as a platform for highlighting the RSLAF’s professional development and its vital role in maintaining national security and contributing to Sierra Leone’s overall development.