Economics

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 …

Read More »

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 …

Read More »

Young graduates struggle with increasing uncertain career prospects as Singapore’s labour market undergoes disruption

As labour markets worldwide – including in Singapore – undergo disruption in multiple forms, particularly with the advent of globalisation and rapid technological developments, fresh university graduates in Singapore seem to struggle with being employed in positions and sectors in their field of study. Around 5.2 per cent of working-age Singaporeans below 30 years old are unemployed as of Q1 …

Read More »

Consider alternative forms of ownership in high-value areas to mitigate income stratification in public housing: NMP Walter Theseira, to MND

The issue of income stratification in public housing in Singapore should be dealt with via alternative forms of ownership such as equity sharing and guaranteed subsidised resettlement on lease expiry in areas of high market value, said Nominated Member of Parliament Walter Theseira. Speaking in Parliament on Wed (6 Mar), Prof Theseira, who also teaches Economics at the Singapore University …

Read More »

Wealth such as capital income and inheritances ought to be taxed to curb growing inequality in Singapore: Prof Donald Low

The absence of any mention regarding new forms of wealth taxation or increase in current forms of such taxation in the 2019 Budget Statement is a cause for concern, as it may pave the way to greater wealth inequality in Singapore when coupled with slow economic growth and an ageing population, said Professor of Practice and Director (Leadership and Public Policy) …

Read More »

Singapore cannot be a post-Brexit model for the UK due to “completely different” set of circumstances: PM Lee

While the “Singapore model” was praised by the United Kingdom’s Foreign Secretary Jeremy Hunt on his visit to the Republic earlier this month, going so far as to express a desire to emulate Singapore’s low taxation and open-door policy, Prime Minister Lee Hsien Loong has expressed his doubts regarding using Singapore as a benchmark for the UK’s post-Brexit aspirations. In an interview …

Read More »

Slower economic growth in Singapore due to decrease in export demand and overall “weaker global trade growth”: GECS Q4 2018 report by ACCA and IMA

Economic growth in Singapore – one of the two “most trade-dependent economies in the Asia Pacific region” besides Hong Kong – is slowing as the demand for exports fell in Q4 last year, according to the latest edition of Global Economic Conditions (GECS), based on the ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants). The …

Read More »