The Macau Metro Monitor, April 13, 2011
PM LEE, WILL GST INCREASE AFTER GE? Channel News Asia
S'pore Prime Minister Lee Hsien Loong does not think there will be a hike in the Goods and Services Tax. "I very much doubt that, unless we go wild in our spending plans and of course we'll run out of money and then you'll have to raise the GST. But if we have prudent budgets and we're careful in our plans and if we grow the economy, I think we should be in good shape."
PM Lee also mentioned that the government will invest carefully, with returns going towards funding programs such as the S$3BN Grow and Share package. Under the package, households will receive S$3,000 to S$4,000 this year, depending on the household income.
TAIWAN CASINOS TO AFFECT MACAU IN 'MEDIUM TERM Macau Daily Times
Chief gaming regulator Manuel Joaquim das Neves said that in the short term (5 years), he doesn't see much impact from the opening of casinos in Taiwan on the Macau gaming sector, but it could be a very different story in the medium term. Neves also said the new smoking law could see some gamblers look elsewhere.
