Economics

Singapore eases monetary policy, avoids recession

Singapore eased monetary policy for the first time in over three years Monday as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the third quarter. The financial hub’s central bank joins others around the world, from Europe to the US, in loosening policy as fears mount of a global economic slowdown. The city-state has traditionally …

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Possible reintroduction of GST: Respect mandate given by Malaysians in last GE, PH presidential council will decide, says Finance Minister Lim Guan Eng

The Malaysian government needs to “respect the mandate” given by Malaysians in the last General Election (GE) unless there is “incontrovertible evidence” that the people want the Goods and Services Tax (GST) to be reinstated, said the country’s Finance Minister Lim Guan Eng. Lim told reporters today (4 Oct) after the Ministry of Finance’s monthly assembly that it was evident …

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The Impact of Brexit on the Property Market in the UK and the EU

by Kate Bregovic According to recent reports, Singaporeans aren’t satisfied with their housing market, which isn’t a surprise. This, however, means that those who want to invest in real estate have to look elsewhere. Britain is one of the markets that might be tempting for investors because of the exceedingly high demand. However, before making any commitments in that direction …

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Economist Yeoh Lam Keong explains the problem of poverty in Singapore in inaugural Progress Singapore Party talk

On 10 September, the Progress Singapore Party (PSP) held its inaugural PSP Talk on the topic of poverty in Singapore and policy gaps in the social safety nets. Moderated by non-practising lawyer and advocate for social change, Khush Chopra, this talk featured well-respected economist Mr Yeoh Lam Keong who gave a presentation on the three major reforms that the government …

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Economist Yeoh Lam Keong proposed reforms to address poverty in Singapore: Increase WIS & SSS and introduce comprehensive national unemployment protection

During the inaugural Progress Singapore Party Talk held by Progress Party Singapore on 10 September, renowned economist Yeoh Lam Keong outlined the problem of poverty in Singapore and proposed several necessary reforms that he says will help lift thousands of citizens up from absolute poverty. Mr Yeoh, who is best known for being the former Chief Economist of GIC, explained …

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Bad debt in Singapore predicted to increase due to Sino-US trade war, part of overall dismal economic trends

On the heels of a dismal economic growth prediction this year and even the prospect of a looming recession, Singapore firms also may accumulate more bad debt as the Republic’s trade-dependent economy experiences ripples from ongoing Sino-US trade tensions, Bloomberg reported yesterday (27 Aug). Shaun Langhorne, restructuring lawyer and partner in Singapore at Hogan Lovells Lee & Lee, told Bloomberg …

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PAP policies have helped improve lives of foreign residents

At a community walkabout in Bedok on Sat (27 Jul), Deputy Prime Minister Heng Swee Keat told the media that many residents he spoke to during the community visit had expressed support for his PAP government policies and how such policies have improved their lives. Heng said Singaporeans are fair-minded, and will look at the quality of ideas and the …

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MOM: CPF payouts determined by actual household expenditure patterns

The Manpower Ministry (MOM) defended itself in mainstream media this week (‘Different method used to calculate CPF payout sums: MOM‘, 8 Jul) saying that it uses a different method to calculate the CPF payouts under the national CPF Life Scheme. MOM’s comments came in light of a recent study conducted by a team of researchers from the Lee Kuan Yew …

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