23 Mar 2010
Video highlights of the closed-door ICPAS Post-Budget Roundtable are now available.
Watch what the distinguished panel of c-suite executives, business leaders, practitioners, entrepreneurs and academic have to say about the Singapore Budget 2010. Is it the right size, directed at the right objectives and making the right moves?
1. Welcome Note by Co-Chair Dr Ernest Kan
ICPAS President Dr Ernest Kan welcomes the participants and shares with the panelists a quick review of the Singapore economy in 2009.
2. Welcome Note by Co-Chair Ms Jessica Tan
Co-Chair Ms Jessica Tan shares that 2010 Budget is aimed at promoting the three long-term objectives of “increasing wages, ensuring that there are quality jobs with the growth and ensuring that it is productivity focused."
3. Raising Productivity
Find out what the participants have to say about the Productivity and Innovation Credits Scheme.
4. ICPAS 2010 Post-Budget Roundtable: Growing Globally Competitive Companies (A)
Find out what was lacking in our 2010 Budget, does that make Singapore less competitive? Can more be done by the government?
Are SMEs prepared for the change brought about by the Budget?
5. ICPAS 2010 Post-Budget Roundtable: Growing Globally Competitive Companies (B)
Participants discussed whether there could be greater flexibility in the use of funds for Business Associations.
Can benefits and concessions for Mergers and Acquisitions be extended to enterprises?
6. ICPAS 2010 Post-Budget Roundtable: Foreign Worker Levy (A)
Foreign worker levy (FWL) is an implicit minimum wage and, once raised, will lead to rising business costs. Would this aggravate the labour shortage issue in the healthcare sector?
Find out more on what the participants had to say about FWL.
7. ICPAS 2010 Post-Budget Roundtable: Foreign Worker’s Levy (B)
Will the control in foreign workers really increase productivity? Can certain industries be exempted from the FWL hike? Watch the discussion to find out.
8. Competitive Tax System (A)
Several participants spoke out against abolishment of the Industrial Building Allowances (IBA) at the Roundtable.
Some were concerned that the spelling out of the qualifying sectors under the new Land Intensification Allowance (LIA) were too restrictive; others expressed skepticism on whether the LIA is capable of increasing land productivity among industrial users.
9. ICPAS 2010 Post-Budget Roundtable: Competitive Tax System (B)
Watch the lively discussion on the "one great (missed opportunity) to shift to a current year tax system" as well as the effectiveness of introducing a new sunset clause on tax concession for offshore insurance businesses in Singapore Budget 2010.
10. Interview With Co-Chairpersons
Find out what Dr Ernest Kan and Ms Jessica Tan thought about the Roundtable discussion.
11. Interview With Participants
In this series of Vox Pops, Ms Susan Chong, Mr Victor Tay, Mr Choo Eng Chuan, Mr Michael Tien and Mr Chia Nam Toon shared their thoughts on the discussion.
ICPAS Research will be publishing a Whitepaper on the feedback collated from this Roundtable discussion. Please visit www.icpas.org.sg/postbudget for more details.
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