Singapore President Tharman Shanmugaratnam emphasized the need to cut debt and increase tax revenues to tackle issues like climate change and ageing populations. He highlighted the importance of fiscal reforms and investing in long-term solutions during a panel discussion at the World Economic Forum in Davos.
The world needs to cut high levels of debt and raise tax revenues to deal with challenges such as climate change and rapid ageing in developed countries, said Singapore President Tharman Shanmugaratnam.
Speaking at a World Economic Forum panel discussion in Davos, the President said the world needs to invest in solutions for these long-term challenges, which would require fiscal reforms.
Singapore President Debt Reduction Tax Revenues Climate Change Ageing Populations Fiscal Reforms World Economic Forum Davos
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Singapore footballers have lifetime bans liftedFormer national footballers Abdul Malek Mohammad and Zulkifli Kartoyoho have had their lifetime bans from football activities lifted by the Football Association of Singapore (FAS) following successful appeals. The bans were originally imposed in the late 1990s.
Read more »
Singapore's Hotel and Retail Sectors Expected to Perform Strongly in 2024Prime hotel, retail and rental accommodation sectors are expected to perform strongly next year in Singapore, according to Savills. The tourism rebound is seen as the major driver of opportunities in premium hotels and quality retail outlets. Savills remains bullish on Singapore's prime rental residential segment.
Read more »
COE prices fall in Singapore, but analysts warn of further volatilityPremiums for Certificates of Entitlement have fallen after peaking in October. Analysts tell CNA why prices dipped and what to expect in the coming months.
Read more »