Property tax hike – Minister Lui’s reason

The problem is, the longer you defer it, the larger the increase will be…if HDB prices continue to go up.

Minister Lui Tuck Yew, on property tax hike

SAVINGS accounts have seen miserly interest rates of below 1 per cent per annum since 2001 – and people hoping for better yields ahead will be disappointed… Rubbing salt into savers’ wounds – inflation is likely to rise next year.

Straits Times