Herein lies the conundrum: Nobody is truly ‘average’, and so those who consume a narrower basket of goods and services will feel the pinch more acutely. This leaves many individuals and families feeling like the coupons, subsidies and rebates fail to make up for the magnitude of the price increases that they face.
Raising the goods and services tax (GST) amid the uncertain inflation outlook and higher prices is an “irresponsible” move that should be postponed, Workers’ Party MP Jamus Lim said on Monday. Hitting back at comments by
Deputy Prime Minister Lawrence Wong on how it is “more responsible” to proceed with the GST increase, Associate Professor Lim (Sengkang GRC) told Parliament that this was not the case. Mr Wong had said on Oct 14 that
while the global inflation outlook may be uncertain, the spending needs of Singapore are clear, and proceeding to increase the GST in the coming years is a “more responsible approach”. OnMonday, Prof Lim said that in
principle, tax increases could well dampen overall demand and tame rising prices, but added that these taxes could also end up raising the costs faced by firms and they could instead end up constricting supply, which will push up prices.
Denne historien er fra November 08, 2022-utgaven av The Straits Times.
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Denne historien er fra November 08, 2022-utgaven av The Straits Times.
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WINE BAR RENAISSANCE
New bars add to the tippling scene in Singapore
Is that hairy crab you ordered the real deal?
The prized crustacean is in season, with most restaurants getting their produce from Yangcheng Lake or Lake Tai in China
From making tamales to starting a Mexican eatery, mum's the word
Making tamales stirred up memories of Ms Maribel Colmenares' late mother, so much so that she could not stop crying as she prepared the traditional Mexican staple for her home-based business.
Singapore Land Authority chief finds life lessons in memoirs and business books
Who: Colin Low, 48, chief executive of Singapore Land Authority (SLA). He joined SLA in 2021 after more than 20 years in the private sectors of real estate and hospitality.
Malaysian writer tackles trauma, female rage with sensitivity
Included in the beginning of the book by Malaysian author Hanna Alkaf is a list of trigger warnings, a much appreciated touch as the story touches on trauma and its effects.
Andre Aciman's My Roman Year a transporting memoir of adolescent exile
Most people remember their adolescence by its major furniture pieces lengthy school years, overstated rebellion, early pangs of desire.
French author's swansong proves conservatives create great art too
Purportedly his final novel, Michel Houellebecq's Annihilation is a wide-ranging vehicle for communicating his views from religion to death
My hearse is a 'sports car'
Let's Talk About Death is a five-episode docuseries that follows millennials and their loved ones as they navigate end-of-life planning, and it starts honest conversations about death and dying well.
Slaying' with Gen Z marketing
More government ministries and public institutions are embracing a worldwide social media trend, in which Gen Z interns write the marketing script for their older colleagues to present
Gen Z start-up launches Singapore's first menopause festival
Femtech start-up Surety's co-founders were inspired by their mums' experiences
