Singapore is poised for its strongest economic growth in 4 years.
The Singapore economy is expected to grow at the top end of the government's forecast range of 3.5 to 5.5 per cent growth this year.
And on the corporate tax front, the Government is not viewing the 20 per cent tax rate as a floor.
If need be, it is prepared to lower it further.
The deputy Prime Minister and Finance Minister Lee Hsien Loong in Parliament announced all these in parliament.
The reason, according to deputy Prime Minister Lee Hsien Loong, is the strong growth momentum carrying the economy forward.
He says the forecast range of 3.5 to 5.5 per cent economic growth for this year is to take into account any unknown factors, such as a terrorist attack or another virus outbreak.
On the corporate tax rate, he says the government's latest two-percentage point cut to 20 percent may not be the end of it.
