Regional Holidays:
*Do note that the following markets will be closed on the respective dates.

26 Jan (Mon): China, Hong Kong, Indonesia, Malaysia and Singapore

27 Jan (Tue): China, Hong Kong, Malaysia and Singapore

28 Jan (Wed): China and Hong Kong

29 Jan (Thurs): China

30 Jan (Fri): China

Highlights of Singapore Budget 2009

1. Corporate tax rate reduced from 18% to 17% with effect from YA2010.
2. S$800m tax rebates for industrial and commercial properties.
3. S$5.1b to save jobs.

• Employers will get a 12% cash grant on the first S$2,500 earned by each employee on the CPF payroll.
• The government will increase recruitment in the public sector, creating 18,000 jobs over the next two years.
• $5.8b in government capital for a Special Risk-Sharing Initiative (SRI) to stimulate bank lending.
• S$2.6b in tax measures and grants for businesses.
• S$2.6b to help support Singaporean households.
• S$4.4b on developing infrastructure, education and healthcare.

Sectors to benefit: Banks, Property, Reits, Healthcare and Transport.