[SINGAPORE] Singapore will step up support for businesses facing rising energy and logistics costs from the Iran war, boosting corporate tax rebates and expanding energy efficiency grants to help firms manage near-term pressures while building longer-term resilience. Speaking during a ministerial statement in Parliament on Tuesday (Apr 7) on the impact of the Middle East situation, Senior Minister of State for Finance Jeffrey Siow said higher energy and logistics costs are likely to persist across the economy. “Small and medium-sized enterprises, in particular, are more vulnerable to sudden cost increases,” said Siow, who had earlier outlined support measures for Singapore’s transport sector. https://www.businesstimes.com.sg/singapore/economy-policy/singapore-raise-corporate-tax-rebates-40-50-widen-energy-grant-ease-iran-war-impact (ICE SINGAPORE)

Fonte notizia: The Business Times, 7 April 2026