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The measures focus on three objectives.

This translates to a total net profit of $1.1b.

The index is also recognised as the strongest APAC benchmark in the 2022 YTD.

The package is likely to include cost relief and salary support measures.

The package consists of the Small Business Recovery Grant and the Jobs Growth Incentive.

As outlined in the 2022 Budget, property tax will increase in 2024.

Most of the tax hikes will be implemented in 2023.

The hike implementation originally scheduled in 2022 was moved to 2023.

Frasers Logistics & Commercial Trust was seen with the most growth.

Power generation, manufacturing, transport industries will be the most impacted.

It has outperformed IPO projections for eight consecutive quarters.

This is despite a 16.3% increase in its revenue during the same period.

The move was done in anticipation of traffic recovery in Singapore.

Excluding petroleum products, an expansion of 25.2% was reported.

A transition framework will be set to help companies adjust.

On a QoQ basis, a 3.6% increase was observed.   Singapore recorded a 34.9% year-on-year (YoY) increase in domestic wholesale trades, the Department of Statistics Singapore reported.