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Key Takeaways from the Budget 2024 and the Opportunities of the New Refundable Investment Credit (RIC)

May 3 @ 8:00 am - 5:00 pm

Deputy Prime Minister and Finance Minister, Mr Lawrence Wong, delivered his third Budget speech on 16 February 2024. The Minister started with outlining the mixed economic outlook arising from continued geopolitical contestations and the need to act swiftly to combat climate change. Moreover, national economic growth in the past year was very modest, at 1,1%. Amidst all these challenges, the Minister announced high ambitions to strengthen the nation and unveiled the many initiatives that will drive a resilient and thriving economy.

Join us at this post-budget discussion with EDB and Deloitte to discover a wealth of opportunities available for your businesses as we delve into:

  • Refundable Investment Credit (RIC), a tax credit supporting high-value and substantive economic activities, including the setting up or expansion of manufacturing facilities, new innovation, R&D and activities in support of the green transition
  • Initiatives that support economic growth and competitiveness (e.g. RIE2025, National AI Strategy 2.0., National Productivity Fund (NPF)…)
  • Initiatives that support sustainable development (e.g. Future Energy Fund, Energy Efficiency Grant, Sustainability Reporting Grant and Programme…)