Such a clever way from the Singapore government to push the whole economic. A win win situation for boosting the economy,
1. Performnace and productivity is increased for the business itselt, more revenue and less cost.
2. The public gets better service / products and goods, better customer satisfaction.
3. The government get more tax from higher tax collection.
Industries, including banks, that are constantly upgrading and investing in back-end systems to improve their productivity and competitiveness, will now benefit from the tax incentive.