Digital Journal

Derwent Investments Provides Insight into Singapore’s Budget 2023 and its Impact on the Investment Landscape

0

Singapore, Singapore, 19th Mar 2024 – Following the recent announcement of Singapore’s Budget 2023, Derwent Investments, a leading wealth management company based in Singapore, has offered insights into the fiscal policies and their potential impact on the investment landscape.

Chief Economist at Derwent Investments, Jingwei Chan, emphasized the importance of fiscal prudence in navigating the economic landscape. Chan commented, “The Budget 2023 reflects a delicate balance between addressing immediate needs and ensuring long-term resilience. With a projected deficit for FY2023, Singapore must carefully manage its resources to maintain competitiveness and sustain growth.”

 

Highlighting the significance of the government’s approach in diversifying revenue sources, Chan noted, “The introduction of measures such as higher taxes on high-end properties and luxury cars demonstrates a commitment to equitable taxation. This balanced approach fosters economic stability while addressing social needs.”

 

Edward Chandler, Director of Private Equity at Derwent Investments, discussed the implications of the budget for investors and businesses. Chandler stated, “Budget 2023 presents opportunities and challenges for investors. The focus on enhancing competitiveness and infrastructure investment aligns with the long-term investment strategy of Derwent Investments.”

Chandler emphasised the importance of resilience amid global uncertainties, remarking, “As Singapore navigates through economic shifts, prudent investment strategies are crucial. Finance experts within the company remain optimistic about the investment landscape, leveraging their expertise to identify opportunities for clients.”

 

Looking ahead, Derwent Investments anticipates the fiscal policies outlined in Budget 2023 to shape the investment landscape. According to Chan, “The prudent fiscal stance adopted by Singapore is essential for sustained growth and resilience. Derwent Investments is committed to providing clients with strategic investment solutions in line with the evolving economic landscape.”

 

Derwent Investments remains dedicated to empowering clients with insights and expertise to navigate the dynamic investment landscape in Singapore and beyond.

 

About Derwent Investments PTE. LTD:

Derwent Investments is a leading Singapore-based Wealth Management company, providing comprehensive financial services and investment strategies to clients in the Asia-Pacific region. With a focus on delivering tailored solutions, Derwent Investments aims to empower clients to navigate the dynamic and ever-changing market. For more information about Derwent Investments, please visit https://www.derwentinv.com

 

For media inquiries, please contact:

Mr. David Heng

[email protected] 

 

Media Contact

Organization: Derwent Investments PTE. LTD

Contact Person: Mr. David Heng

Website: https://www.derwentinv.com

Email:
[email protected]

City: Singapore

Country:Singapore

Release id:10464

View source version on King Newswire:
Derwent Investments Provides Insight into Singapore’s Budget 2023 and its Impact on the Investment Landscape

 



Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Foster West Securities Explores Australian Fixed-Income Market Amid Market Volatility

Previous article

Nursing Flowsheet Unveils Comprehensive Guides for Nurses to Achieve Financial Freedom

Next article

You may also like

Comments

Comments are closed.