SG Economy

Ravi Menon: Singapore must get used to higher prices — ‘The era of cheap money, cheap labour, and cheap energy is over

Mr Ravi Menon, the Managing Director of the country’s central bank the Monetary Authority of Singapore (MAS) has explained why Singapore must get used to higher prices moving forward. “The era of cheap money, cheap labour, and cheap energy is over,”...

He Ting Ru: We owe it to our teachers to protect their mental health

Workers’ Party Member of Parliament He Ting Ru (Sengkang GRC) underlined the importance of caring for the mental health of teachers in an Aug 20 Facebook post. Ms He noted that while a recently announced pay increase for teachers is...

Jamus Lim on MAS $7.4 billion loss: ‘I see little reason to fault the actions of MAS, or to criticize the losses incurred’

Workers’ Party MP Jamus Lim weighed in on the S$7.4 billion loss recorded by the Monetary Authority of Singapore (MAS) for the last financial year, saying he saw no fault with MAS for these losses. The Sengkang GRC Member of...

Jamus Lim: What the government has done thus far to tackle the problem (inflation) doesn’t seem to be sufficient for anyone

Workers’ Party MP Jamus Lim (Sengkang GRC), who is an Associate Professor of Economics at ESSEC Business School, took to Facebook to explain inflation from an economist’s point of view. He recently made a speech in Parliament concerning what Singapore...

IMF says SG is well-protected against shocks due to large reserves, but netizens concerned over high prices

In a country report released last week, the International Monetary Fund (IMF) called Singapore’s economic recovery from the Covid-19 pandemic one of the most impressive in the world. However, the fund noted that recovery has also been uneven, with sectors...

Pritam Singh: The govt collected more revenue in the 2021 fiscal year than in the pre-pandemic 2019 one

In Parliament on Monday (Jul 4), Pritam Singh asked about the government's fiscal position and whether there might be room to provide more financial help for lower- and middle-income families. Mr Singh pointed out that the Government had collected even...

Lawrence Wong: Delaying GST hike would be ‘highly irresponsible’

Speaking in Parliament on Monday (Jul 4), Lawrence Wong said it would be “highly irresponsible” to delay the increase in the Goods and Services Tax. He explained that the government is expecting its spending to increase, largely driven by the...

‘Architect of modern Singapore’ Liu Thai Ker is concerned that public housing prices are ‘a business venture’ rather than solving housing needs

While the country has one of the highest rates of homeownership around the globe, the high property prices are a cause for concern for Liu Thai Ker, the man behind Singapore’s Housing Development Board otherwise known as “the architect...

Lawrence Wong announces GST hike to proceed as planned, netizens expressed dismay — ‘GST increase is akin to adding oil to fire’

In a speech on Tuesday morning (June 21), Finance Minister Lawrence Wong announced that the planned increase in the Goods and Services Tax (GST) will proceed as planned. The GST hike from 7 per cent to 9 per cent was...

45-year-old S’pore man says that his family is unable to save any money monthly, says “it’s not right”

A 45-year-old man whose family was not able to save any money monthly wrote that he felt it was “not right”. In an anonymous post to popular confessions page SGWhispers on Sunday (Jun 12), the man wrote that he had...
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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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