SG Economy

Singapore proceeding with GST increase: Netizens say ‘GST is regressive tax, the poor will face increased pressure from rising costs

Deputy Prime Minister Lawrence Wong announced recently that the country would proceed with the planned Goods and Services Tax (GST) hike in the coming years, as this is the "more responsible approach" to the global inflation outlook. GST is scheduled...

Resident tells Jamus Lim she felt ‘foreigners were able to secure higher-paying jobs in her company, while Singaporeans scrambled below’

In a recent house visit, the residents of one Anchorvale block told Jamus Lim of their current struggles, including one woman who said she felt that non-Singaporeans had taken positions with the highest salaries in the firm she works...

Jamus Lim offers helpful solutions as ‘inflation is now worse, so it makes sense for the government to act’ on it

While Workers’ Party MP Jamus Lim said he was glad that the government will be releasing a new support package to help Singaporeans deal with higher living costs, he wrote in a Facebook post that “it makes sense for...

Jamus Lim: In light of high inflation, CPF OA could pay more interest to help us all cope with higher costs

Workers’ Party MP Jamus Lim tackled higher interest rates recently, noting that this has been a global occurrence, and isn’t just happening in Singapore. It has meant that people have had to face higher mortgage bills, loan repayments, and...

Singapore now 3rd top financial centre in the world, overtakes Hong Kong as best in Asia

In this year’s Global Financial Centres Index’s top five financial centres around the globe, Singapore is now in third place. The Little Red Dot has actually overtaken Hong Kong to take pole position in Asia, Bloomberg reported on Friday (Sept 23). The...

‘SG dollar most resilient in Asia against US dollar’ — Bloomberg

Amid a global economic downturn, the Singapore dollar appears to be holding up relatively well, with Bloomberg saying that it has “established itself as Asia’s most resilient currency against the US dollar this year” in a Sept 19 article. Nearly...

‘Please employ our own people, you don’t need to import for this demand’ — Singaporeans react to news of “high demand” for new work...

In response to recent news of a projected increase in the demand for job positions in the last quarter of the year, Singaporeans are calling on companies, urging them not to prioritise foreign workers. After conducting a survey on 510...

3 Pieces of Financial Advice for Grab Drivers and Other New Economy Contractors

With the rise of tech startups like Grab and Airbnb, a lot of people have been taking up new jobs in the recent years either as a full-gig or as a way to earn supplementary income. Though these jobs...

Singapore likely to be first impacted if recession hits US — Economists

Economists warn that South East Asian countries will be affected if the United States falls into a recession, but trade and tourism-reliant nations such as Singapore are more vulnerable than others. The first two quarters of this year have already...

CEO says Singapore’s foreign talent policy is ‘do or die’ issue, but may become political if the country were to experience economic hardship

Prime Minister Lee Hsien Loong underlined the importance of building “a world-class talent pool in Singapore” in his National Day Rally speech on Aug 21, saying that the country needs top foreign workers in order to avoid being left...
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Singapore woman’s viral fitness journey took over 7 years, inspires many across the world

If it's time to start making "New Year Resolutions," let this 25-year-old Singaporean bodybuilder give you a boost in...
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Police report filed against man who filmed himself jamming train door with his hands so he wouldn’t be late

The netizen who posted an unusual “life hack” for not being late online may have gotten many likes, but was also reported to the...

England wary of African champs

THE serious guessing game starts as to who Gareth Southgate names ahead of England's World Cup round of 16 clash with African champions Senegal. The Three...

Billionaire heiress Kim Lim only lasted two months in her 2nd marriage

Singaporean celebrity heiress Kim Lim confirmed that her marriage with Leslie Leow, her 2nd husband, has ended after being together for only 2 months.  The...

Netizen seeks woman who lent her $10 at Punggol MRT taxi stand to take train

A Facebook user got creative with searching for the Good Samaritan who recently helped her to get to where she needed to go when...

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