SINGAPORE -- Singapore is set to raise corporate taxes on multinationals from the start of next year while it will beef up efforts to become an artificial intelligence hub, Finance Minister Lawrence Wong said Friday, as he announced the city-state's 2024 budget.
Economy
Singapore eyes corporate tax rise, AI investment in 2024 budget
Finance minister and next PM Wong pledges higher spending amid 'mixed' outlook
Singaporean Finance Minister Lawrence Wong says the city-state's government will boost spending over the next decade. (Singapore Press via AP Images)
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