Feb. 18 (Bloomberg) -- Singapore will probably incur a third consecutive budget deficit this year as the government unveils another “expansionary” spending program to boost the island’s productivity in the next decade.Singapore is considering ways to ensure its economy expands in a more sustained manner after three recessions in the past decade, with its most recent slump the deepest since independence in 1965. A government-appointed panel this month outlined seven proposals to restructure the economy including raising productivity and relying less on foreign labor, a move that may increase costs for companies such as property developer CapitaLand Ltd. and oil-rig builder SembCorp Marine Ltd. Full Story
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Singapore May Unveil ‘Expansionary’ Budget to Spur Productivity - BusinessWeek
