Home » Posts tagged with "inflation"
Posts tagged with "inflation"
The relentless rising cost of living in Singapore
Oct. 28 | In 2009, Mercer ranked Singapore as the 10th costliest countries in the world (see here). The following is a collated list of price increases which TOC could find – from various news reports, blogs, websites, forums, etc – since Jan 2006 to the present. If...
Singapore inflation rate highest in 28 years
Mar. 23 | From AFP: SINGAPORE (AFP) — Singapore’s inflation rate climbed to its highest level in 28 years in 2008, with the poor being the hardest hit, the statistics department said Monday. The 6.5 percent rise in the consumer price index last year was...
Helping Singaporeans cope with the recession
Dec. 26 | Tan Kin Lian / Columnist Introduction Singapore’s economy is in recession. It will get worse and may take one or two years to recover. Senior Minister Goh Chok Tong has advised people to continue spending, to keep the economy growing and avoid the...
Singapore Government screw-ups
Nov. 12 | From the blog, Josee 100: Let me list down the stuff that the PAP & Singapore Government has done since the last election to piss off the general population: Invest billions of dollars into Merrill Lynch, Citibank and UBS at the wrong time and...
SM Goh urges Singaporeans to “keep the economy going”
Nov. 7 | Breaking News: DBS cuts 900 jobs “to trim costs amid the global credit crisis”. (Channel NewsAsia) “If all of us go into a power save mode, then the economy will really go into a recession! This is what economists called the Paradox of Thrift....
Inflation projections – a moving target
Nov. 3 | Leong Sze Hian / Andrew Loh With the world economy in flux, trying to project or predict inflation rates is a very difficult thing to do – as our ministers have found out. The Singapore Government has had to revise its inflation projections several...
Perks cut
Oct. 26 | Company-paid perks from S$25,000 (US$16,919)-a-month housing allowances to country club memberships may dry up for Singapore’s expatriates as the financial crisis heralds new austerity measures by the country’s richest employers. Sin Chew
Everyone’s in on the act
Aug. 30 | Singapore’s public hospitals have raised ward charges in the last two months. Straits Times
Union leader or government mouthpiece?
Aug. 3 | While union leaders in other countries are always asking for the best wages possible for their workers, the role of union leaders in Singapore is very different. Lucky Tan
More money is bad
Jul. 31 | The worse thing that any country does at a time of high inflation would be for the unions and workers to push for wage inflation. Wage inflation is different from wage increment. Wage inflation means you are pushing up wages to fully offset the inflation. Lim...
S’pore’s soaring food prices (video)
Jul. 28 | Al Jazeera reports on the soaring food prices in Singapore and how Singaporeans are coping. In the report, one lady, who lived in a one-room HDB flat, said she was given $30 when she asked her Member of Parliament for help. “The extra cash can be used...
FairPrice extends discount scheme
Jul. 28 | NTUC Fairprice is extending its discount scheme till the end of October. This move comes after MAS revised upwards its inflation forecast for 2008 for the third time last Tuesday, it says. In a media release received by The Online Citizen, NTUC FairPrice...
Why so silent, PAP Town Councils?
Jul. 22 | Andrew Loh / Deputy Editor In this time of record inflation, rising costs and record fuel prices, why aren’t the Town Councils, especially the PAP-run ones, doing anything to help residents cope? The PAP town councils together have more than $1 billion...
Fighting inflation – suggestions for the Govt
Jul. 21 | Leong Sze Hian / Senior Writer I refer to the article “Tharman: Pay rises no cure for inflation” (ST, Jul 10). It states that “Singapore must guard against a second round of inflation, which could happen if wages are raised to keep pace...
