PROPERTY TAX OF HDB COOKED FOOD AND WET MARKET STALLS

Mr Chew Heng Ching asked the Minister for Finance whether the Government will reduce the property taxes paid by owners of cooked food and wet market stalls in Housing and Development Board food centres in view of the current economic downturn.

Dr Richard Hu Tsu Tau: The Government is monitoring the economy very closely. The Minister for Trade and Industry has informed the House that the Government would announce at the end of this month specific measures to cushion the impact of the downturn on companies and workers.