Rikvin Pte Ltd

Singapore Company Registration Specialists

  • Call Us Now+65 6320 1888
  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • International Expansion Services
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Infographics
    • Industry Guides
    • Business Reports
    • Country Reports
    • Download Guides
    • FAQs
    • Events
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Community
    • Blogs
    • Press Releases
    • In.Conversation
    • Videos
  • Contact
You are here: Home / Blogs / Singapore Carves New Path, Unveils 4 Strategic Areas of Development

Singapore Carves New Path, Unveils 4 Strategic Areas of Development

Rikvin Publishes Guide on Doing Business in Singapore vs. China

Singapore Prime Minister Lee Hsien Loong has yesterday announced a “strategic shift” in the approach to the city-state’s nation-building that will help Singaporeans navigate an uncertain future together. The announcement, which was made at the annual National Day Rally yesterday, covered four strategic areas of development i.e. infrastructure, healthcare, housing and education.

Infrstructure

PM Lee said that by the mid-2020s Changi Airport’s current capacity would have doubled, thereby creating approximately 163,000 employment opportunities for Singaporeans. This is because the government will move the Paya Lebar Air Base to Changi, allowing 800 ha of land to be used for new homes, offices and factories. In addition, Changi airport will see all three of its existing terminals upgraded over time, while a two more terminals as well as a Project Jewel building project are slated for development.

Healthcare

PM Lee also announced that MediShield, Singapore’s medical insurance plan, will no longer have an opt-out option and cover all Singaporeans for life. Called MediShield Life, it will include the elderly and those with pre-existing illnesses but at higher premiums.

Housing

In terms of public housing, the government will maintain the value of HDB flats over the years and keep them affordable for future homebuyers. PM Lee stated that even a household earning S$1,000 a month will be able to finance a two-room flat and that many families will be able to pay off their housing loans within 25 years.

Education

In terms of education, the Primary School Leaving Examination (PSLE) scoring system will change in the coming years to a framework similar to the “O” and “A” level exams. In addition, the annual Primary One registration process will be streamlined from 2014, to set aside about 10-15% of total enrolment for children with no prior links to the school.

PM Lee said the direction will take Singapore down a different road, and benefit the country, given the changes in it and around the world.

Singapore company registration specialist Rikvin anticipates that the move to enhance Singapore’s air connectivity will give it an edge in maintaining its standing as an air hub in the region.

This will not only facilitate business operations and the movement of business people, but entice entrepreneurs to continue to start a Singapore company. The other strategic areas will also help ease pain points felt by residents and may help in improving the quality of life of Singaporeans.

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Singapore CEOs, CFOs to be Culpable for Financial Statements
Singapore Inflation on the Rise for 3rd Consecutive Month
Rikvin Services Incorporation Taxation Accounting Immigration in Singapore
Get a quote Request Call Back Have a question?

Contact Us

  • Rikvin Pte. Ltd. is a part of InCorp Group. All data collected in Rikvin.com website are part of In.Corp Global’s Privacy terms and conditions.

  • This field is for validation purposes and should be left unchanged.

Learning Guide

  • Incorporating a Company in Singapore
  • Singapore Immigration and Work Visas
  • Singapore Taxation
  • Accounting Services
  • Singapore Business Infographics
  • Singapore Industry Guides
  • Rikvin Download Guides

Latest Posts

  • Why is ESG Essential for Companies in Singapore?
  • 2023 Foreigner’s Guide to Starting a Business in Singapore
  • Guide to Singapore Permanent Resident (PR) Application
  • A Practical Guide to Decode the SSIC Codes
  • A Guide to Convening Effective Extraordinary General Meetings (EGMs)
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

30 Cecil Street,
#19-08 Prudential Tower,
Singapore 049712

+65 6320 1888

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2023 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy | Sitemap

Sitemap | Terms of Use | Privacy Policy

© 2023 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.