SINGAPORE – Deputy Prime Minister and Finance Minister Lawrence Wong announced more support measures and payouts to help households, workers and businesses deal with inflation in the Budget speech on Tuesday.
Here are some highlights from his speech: 1. Assurance Package top-ups and payouts ST PHOTO: BENJAMIN SEETOR A total of $3 billion will be pumped into the Assurance Package. The package will cost $9.6 billion, up from $6.6 billion.
Payouts will come in the form of a new Cost-of-Living Special Payment of between $200 and $400 for each eligible adult Singaporean. An additional senior bonus of between $200 and $300 will be given to each eligible Singaporean aged 55 and above.
Cash payouts will be increased by between $300 and $650 for eligible Singaporeans, bringing the total amount received by each adult Singaporean to between $700 and $2,250 over five years.
Singaporean households will also receive $300 in Community Development Council (CDC) vouchers in January 2024, up from the $200 the Government had earlier announced.
READ FULL STORY: Sporeans to get more in GST voucher, cash payouts to cope with rising costs 2. Housing measures and grants PHOTO: ST FILE Families with young children, as well as married couples aged 40 and younger buying their first home will get more support in their house hunt.
This group of home seekers will get an additional ballot chance for their first Build-To-Order flat application. This will be implemented later in 2023.
For those buying resale flats, the Central Provident Fund Housing Grant will, with immediate effect, be increased from $50,000 to $80,000 for eligible families purchasing four-room or smaller resale flats for the first time, and from $40,000 to $50,000 for those buying five-room or larger flats.
READ FULL STORY: Higher grant for first-time HDB resale flat buyers; additional BTO ballot chance for some 3. Higher taxes for high-value property, luxury cars and tobacco PHOTO: ST FILE Buyers stamp duty for residential properties: The portion of the propertys value in excess of $1.5 million, and up to $3 million, will be taxed at 5 per cent, up from the current 4 per cent. The portion in excess of $3 million will be taxed at 6 per cent, up from the current 4 per cent.
Luxury cars: Buyers of vehicles with open market value (OMV) of more than $40,000 will pay higher marginal additional registration fee (ARF) rates than they do today. For the highest OMV tier, the revised ARF rates will be 320 per cent, up from 220 per cent today.
Tobacco: Excise duty across all tobacco products will increase by 15 per cent from Tuesday.
READ FULL STORY: Help to weather inflation, more progressive property and vehicle taxes 4. CPF monthly salary ceiling to rise PHOTO: ST FILE The CPF monthly salary ceiling will be increased from $6,000 to $8,000 in 2026 to keep pace with rising salaries.
The increases will be phased in over four years, starting from 2023, to allow employers and employees to adjust to the changes.
READ FULL STORY: CPF monthly salary ceiling to be raised to $8,000 by 2026 5. Baby Bonus boost ST PHOTO: FELINE LIM The Baby Bonus cash gift will be increased by $3,000 for all eligible Singaporean children born on Feb 14, 2023 and after. This means first and second children will receive $11,000, up from $8,000. For the third child onwards, the gift will be $13,000, up from $10,000.
Parents can expect up to $9,000 in payouts in the first 18 months of the childs life. Subsequently, $400 will be paid out every six months starting from when the child is two years old until the child turns 6.
Government-paid paternity leave will be doubled from two weeks to four weeks for eligible working fathers of Singaporean children born on or after Jan 1, 2024.
The one-off Baby Support Grant of $3,000 will be extended to children born from Oct 1, 2022 to Feb 13, 2023. It was previously for children born from Oct 1, 2020 to Sept 30, 2022.
READ FULL STORY: $3k more in baby bonus, more financial support for childrens early years 6. More support for workers ST PHOTO: LIM YAOHUI The Government will continue to provide wage offsets until 2025 to employers who hire senior workers.
It will extend the Part-time Re-employment Grant until 2025 to encourage employers to offer part-time re-employment, other flexible work arrangements, and structured career planning to senior workers.
It will pilot the role of Job-Skills Integrators in precision engineering, retail and wholesale trade sectors. These integrators, which can be existing institutions, will engage enterprises to understand the manpower and skills gaps in the sector and work with training providers to close these gaps.
To encourage firms to employ former offenders, the Government will introduce the Uplifting Employment Credit to provide wage offsets for a limited time.
READ FULL FULL STORY: Jobs-Skills Integrators to ensure training leads to good job prospects 7. Tax deductions for donations extended PHOTO: ST FILE The 250 per cent tax deduction for donations to Institutions of a Public Character, or registered charities, and eligible institutions which was announced in Budget 2021 will be extended for three years to the end of 2026.
To further support social service agencies that serve seniors, there will be a $1 billion top-up to the Community Silver Trust that allows the Government to match donations dollar for dollar.
READ FULL STORY: Govt to extend 250% tax deduction for donations until 2026 More On This Topic Govt will help Sporeans tide through tough times and uncertainties, says PM Lee Singapore Budget 2023: Read more stories, views and analyses
Contreras has informed Major League Baseball he will appeal the suspension, which means it will not take effect immediately. He was in the lineup for Tuesday night’s game against the Pirates.
Contreras threw a bat that mistakenly hit Cardinals hitting coach Brant Brown and tossed bubble gum on the field after he was ejected. Manager Oliver Marmol also was tossed during an animated argument with the umpires after a called third strike in the seventh inning.
Contreras said he didn’t understand why he was thrown out of the game. He said he argued balls and strikes with plate umpire Derek Thomas but didn’t address a specific pitch and didn’t say anything disrespectful.
“Apparently, he heard something [he thought] I said. I did not say that,” Contreras said.
Crew chief Jordan Baker told a pool reporter that Contreras and Marmol were ejected for “saying vulgar stuff” to Thomas. Baker also said Contreras made contact with the plate umpire.
After Monday’s win, Marmol agreed with his player.
“We’ll have to dive into it to make sure what Willson’s saying is what happened,” he said at the time. “But I believe him.”
ARLINGTON, Texas — Right-hander Nathan Eovaldi is likely done for the season because of a rotator cuff strain, another huge blow to the Texas Rangers and their hopes of making a late push for a playoff spot.
He said Tuesday that he had an MRI after shutting down a bullpen session between starts because of continued soreness. The 35-year-old pitcher said he was more sore than normal but was surprised by those results since he hasn’t had any shoulder issues in his 14 MLB seasons.
“It just felt like it was getting a little worse, so I shut it down and had the trainers look at it,” Eovaldi said. “Obviously, it’s just frustrating given how great the season’s been going. … I don’t want to rule out the rest of the season, but it’s not looking very great.”
Rangers president of baseball operations Chris Young said Eovaldi likely will be put on the 15-day injured list Wednesday. He was supposed to start against the Los Angeles Angels in another opportunity to become MLB’s qualified ERA leader.
After allowing one run in seven innings against the Cleveland Guardians in his last start Friday, Eovaldi was the official ERA leader for one night. That put him at 130 innings in 130 Rangers games, and ahead of All-Star starters Paul Skenes (2.07) and Tarik Skubal (2.28) until Texas played the following day — pitchers need to average one inning per team game to qualify.
“Obviously it’s a big blow. He’s been just a tremendous teammate and competitor for us all year long,” Young said. “Hate to see this happen to somebody who’s been so important to the organization. But it seems par for the course with how some of the season has gone. So hate it for Evo, hate it for the team.”
With 29 games remaining going into Tuesday night, the Rangers were 5½ games back of Seattle for the American League’s last wild-card spot. The Mariners and Kansas City both hold tiebreakers over Texas.
The Rangers lost center fielder Evan Carter because of a right wrist fracture when he was hit by a pitch in Kansas City on Thursday. In that same game, durable second baseman Marcus Semien fouled a pitch off the top of his left foot, sending him to the IL for only the second time in his 13 MLB seasons. First baseman Jake Burger (left wrist sprain) also went on the IL during that road trip.
Semien and Eovaldi could potentially return if the Rangers make the playoffs and go on a deep run since neither is expected to need surgery. Semien’s recovery timeline is four to six weeks, and Eovaldi said he would get another MRI in about four weeks. Just under five weeks remain until the regular-season finale Sept. 28 at Cleveland.
Eovaldi has been one of baseball’s best pitchers all season, and part of the Rangers’ MLB-leading 3.43 ERA as a staff. He was left off the American League All-Star team and hasn’t been among qualified leaders after missing most of June with elbow inflammation, but Texas still gave him a $100,000 All-Star bonus that is in his contract.
This is Eovaldi’s third consecutive season with at least 11 wins since joining his home state team, and last December he signed a new $75 million, three-year contract through 2027. The 35-year-old Eovaldi and Hall of Fame strikeout king Nolan Ryan are the only big league players from Alvin, Texas.
Eovaldi has a 102-84 career record and 3.84 ERA over 14 big league seasons with six teams and has won World Series championships with Boston in 2018 and Texas in 2023. He made his MLB debut with the Los Angeles Dodgers (2011-12) and later pitched for Miami (2012-14), the New York Yankees (2015-16), Tampa Bay (2018) and Boston (2018-22).
“I take a lot of pride in being able to go every five days,” Eovaldi said. “To have the outcome that we have now, it’s very tough for me. And you always feel like there’s some way to be able to prevent an injury from happening. And, unfortunately, I wasn’t able to do that.”
ESPN baseball reporter. Covered the Washington Wizards from 2014 to 2016 and the Washington Nationals from 2016 to 2018 for The Washington Post before covering the Los Angeles Dodgers and MLB for the Los Angeles Times from 2018 to 2024.
NEW YORK — The Mets are calling up top-tier pitching prospect Jonah Tong, manager Carlos Mendoza announced Tuesday, as the club continues to bolster its staff with young talent for the stretch run.
Mendoza said Tong will start against the Miami Marlins on Friday in his major league debut.
Tong pitched himself into the big league picture with arguably the best season for a pitcher in the minor leagues, going 10-5 with a 1.43 ERA in 113 ⅔ innings across 22 starts between Double-A and Triple-A this season. The 22-year-old right-hander was recently promoted to Triple-A Syracuse, where he tossed 11 ⅔ scoreless innings over two outings.
“I think it’s all about dominating the minors,” Mendoza said. “It’s hard to keep him there.”
The consistent dominance, in combination with debilitating underperformance from veterans in the Mets’ starting rotation, prompted president of baseball operations David Stearns, who preaches patience in player development, to make the call.
Tong was the No. 21 prospect in baseball in the latest rankings by ESPN’s Kiley McDaniel. The Canadian will join Nolan McLean, the team’s No. 2 prospect who soared through the upper minors and was called up to boost the Mets’ struggling rotation earlier this month.
“This is fast,” Stearns said. “There’s no question this is fast. He’s pushed us on this because of his performance. We think he’s ready for this. We also acknowledge that this has gone faster than any of us would have anticipated at the start of this year.”
The decision to summon Tong came one day after veteran right-hander Kodai Senga continued his recent struggles, logging just four innings against the Philadelphia Phillies on four days’ rest.
Senga has a 5.40 ERA and has not completed six innings in eight starts since coming off the injured list last month. Mendoza indicated the team prefers to give Senga an extra day of rest moving forward.
“I’m going to be honest: Performance matters,” Mendoza said about Senga. “We’re to a point now where we got to see performance. And that was a conversation with him. We need him because he’s an ace. We’ve seen it in the past, but we haven’t been able to get that consistency. So, yeah, maybe it’s the regular rest, the extra day, whatever that is. We’re getting to a point where like every game, we got to put our best guys out there.”
Entering Tuesday, the Mets are 2 ½ games ahead of the Cincinnati Reds for the final National League wild card spot.
The baby-faced Tong, a seventh-round pick out of high school in 2022, made a significant leap forward in his development in 2024, but he reported to spring training this year seemingly on a path for a 2026 major league debut — as evidenced by the Mets’ decision not to invite him to big league camp.
Mendoza said he met Tong while watching a minor league game on a back field in which Tong was the ball boy.
“When you’re in the minor leagues, you got to go through those duties,” Mendoza said. “And that day, he happened to be on the Triple-A bench, and he was the ball boy and I sat right next to him, and I had a brief conversation. Kind of introduced myself [to] kind of get to know him.
“Genuine, humble and you could just see the youth on his face. It was, I don’t know, 10 minutes that we sat there and watched the game while I was trying to get to know him a little bit.”
Tong, who represented the Mets at the Futures Game last month, leads all 196 qualified minor league pitchers in ERA, FIP (1.66), batting average against (.148) and strikeout rate (40.5%) this season. His 0.92 WHIP ranks second. He has compiled 179 strikeouts and allowed just two home runs.
He boasts a fastball in the mid-90s that touches 97 mph and has produced a whiff rate of 36.5% this season. This year, he added a changeup in the mid-80s that has emerged as his second-most used offering and improved his effectiveness against left-handed hitters. A curveball and slider complete his repertoire.
Slight for a pitcher — he’s listed at 6-foot-1, 180 pounds — with a smooth and deceptive over-the-top delivery, Tong has drawn comparisons to former Cy Young Award winner Tim Lincecum.
“What’s impressed us the most is the speed with which he’s expanded his arsenal in really effective ways,” Stearns said. “So, he’s added a changeup this year that’s been really good. And we’ve seen outings that have shown, I think, tremendous maturity on the mound — where something’s not working, he’s then able to switch an approach and go to the slider more, throw a few more curveballs, and allow himself to get through outings really successfully, even if he’s not following the exact plan that he thought he was going to follow when he went into the game.”
The Mets chose promoting Tong over Brandon Sproat, another highly regarded pitching prospect in Triple-A. Stearns explained the organization’s decision as a product of Tong’s excellence and the timing of the start, which will keep Tong, who last pitched on Saturday, on turn.
Sproat, 24, gave up seven runs across 3 ⅔ innings out of the bullpen for Syracuse on Saturday after recording a 2.05 ERA over his previous nine outings, all starts.
“Brandon’s done a tremendous job, and he’s probably had as good a second half of season as any pitcher in minor league baseball,” Stearns said. “He’s made some real adjustments. He’s pitched great.”
The Mets’ plan for Tong after Friday is unclear. While McLean has cemented himself in the club’s starting rotation after allowing just two runs over 12 ⅓ innings in his first two starts, Tong will join the Mets as their sixth starter.
Mendoza said he didn’t know if Tong would move to the bullpen following Friday’s start.
“We’re going turn by turn at this point,” Stearns said. “And it’s going to be a combination of what the matchups are, who we think match up well, how our guys are throwing, who needs rest, who doesn’t need rest. I think in September, we try not to plan too far ahead and we’re going to go turn by turn.”