The Basic Inflation is defined as an increase in the overall level of prices in the economy. In Singapore, the most common measure of inflation is the annual percentage change in the Consumer Price Index (CPI). CPI measures the cost of a fixed basket of goods and services commonly consumed by resident households, and is…
In 1967, the British announced that it would withdraw its troops by 1971. The British military spending in Singapore back then made up 11.1 per cent of Singapore’s Gross National Product. To make up for this loss, Singapore had to rapidly industrialise to attract new foreign investments and overcome the issue of high unemployment. In…
A research team from the Lee Kuan Yew School of Public Policy (LKYPP), National University of Singapore (NUS) led by Assistant Professor Ng Kok Hoe has revealed their findings last Wednesday that a typical Singaporean above 65 years old would require roughly $1,379 monthly to meet his or her basic needs. The figures for different types…
The older generation used to advise us when we were in school, “Study hard and go to university so you can get a good job!” Nowadays, being able to go to university and getting a degree has become the norm. But the question is, has it really helped us to get jobs? In Seoul, an…
Sales executives of Borneo Motors, who have chosen to remain anonymous reported that the company was planning to cut commissions by $100 to $350 per car from last month. According to the sales executives, their monthly income could have fallen by $2,000. Union Intervened To Help They are glad that there is still light at…
Recently, a video of a 60-year-old security officer being punched at Roxy Square carpark after an argument regarding directions out of the building went viral. Due to this incident, the discussion of whether these officers should be armed was brought up again. Despite countless of private security officers being physically or verbally abused in Singapore,…
A recent YouTube video on Dayak Daily has gone viral and brought attention to a young lady named Rachel Sia living in Sibu, Sarawak. Despite being adopted by her foster parents Peter Sia Chew Ong and Lau Kui Fua in 1999 shortly after her birth, Rachel is still a stateless child at the age of…
Living in a young, thriving, forward-thinking nation like Singapore, one would think that we would have resolved the narrow-minded thinking of male favouritism. Unfortunately, this is not the case- at least not so apparent in the workplace. As Singapore progresses economically, it is only coherent that the standard of living increases at the same time….