Singaporeans anticipate February 18 as the date, according to Prime Minister Lee Hsien Loong, when Finance Minister Tharman Shanmugaratnam discloses plans for this year’s Budget. Prime Minister Loong was able to give clues on how the Budget will be allocated, saying it would be for the good of Singapore in the long-term. Focus on healthcare [...]
Popularity: 3% [?]
Inflation is set to hit 5% next year in the first quarter. What does this mean? It means that if your returns from fixed deposits or investments are less than 5%, you actually lose money because the value of your money cannot keep up with the inflation rate. Interest rates from fixed deposits have not [...]
Popularity: 1% [?]
Singapore’s Gross Domestic Product increased by 6.4%, and the Consumer Price Index increased by 2.9% compared to a year ago. Economists were expecting a 5.1% increase. The Consumer Price Index change is due to costlier fuel prices and an increase in the goods and services tax. Hence, inflation could be between 1.5% and 2% this [...]
Popularity: 2% [?]