Budget 2011: TV and radio licence fees scrapped in Singapore

The much-derided licence fees that Singapore residents have to pay for simply owning a TV or radio have been finally scrapped, as part of an election-friendly Budget unveiled today by the government here in Parliament.

Until now, home owners paid S$110 a year for a TV licence while car owners paid S$27 a year for tuning in to FM radio on the go. With this change, users would save about S$120 million in such fees a year, revealed Finance Minister Tharman Shanmugaratnam today. …