Cost of living in Singapore continues to be high, propelling it into the top ten most expensive locations within the region. A report by human resources consultancy, ECA International, found that Singapore is the 10th most expensive city in Asia and 72nd worldwide. The firm said price rises have not slowed down as much in Singapore as in other parts of Asia in spite of its weakened currency. In...
Cost of Living
Singapore is fast rising in the ranks of becoming one of the most expensive cities in Asia for expatriates to live in. The latest Cost of Living survey by consultancy firm ECA International shows that Singapore has leapt 17 places in ranking this year. The city-state is now ranked 13, trailing behind cities such as Beijing, Taipei and Shanghai. Higher food and fuel prices are among the reasons for the...
Prime Minister Lee Hsien Loong said Singapore will continue to develop the financial sector as more activities are being moved to the city-state. Mr Lee, who was speaking to 120 bankers at the hour-long Thomson Reuters Dialogue on Tuesday, added that more would be done to ease capacity constraints, such as the crunch in office space and accommodation. The financial sector in Singapore grew by some 17.5...
Singapore's annual inflation was 6.7 percent last month, the highest in 26 years, the Department of Statistics said on Wednesday. It said the consumer price index was boosted by higher costs of food, transport, communications and housing. The March consumer price index figure was down 0.1 percent from February's figure, the department added. On a seasonally adjusted basis, the index was 0.3 percent...
Singapore's annual inflation rate hit a 25-year high of 6.6 percent in January, according to Department of Statistics (DOS) data released on Monday. The inflation rate, as indicated by the consumer price index (CPI), was the highest since the 7.5 percent hit in March 1982. From a month earlier, consumer prices in January rose 1.5 percent on a seasonally adjusted basis, the DOS said. The Ministry of...
Singapore will announce its national budget for the fiscal year of 2008 on 15 February, in a parliamentary seating. Analysts say they expect the government to announce measures to help Singaporeans cope with inflation and the higher cost of living. In December 2007, consumer prices rose 4.4 percent over the previous year, touching a 25-year high in the Republic's history. For the whole year, the...
If it seemed to you that seeing the doctor or eating out is becoming more expensive of late, you were spot on. Inflation rose at the fastest pace in 12 years last month — as the Goods and Services Tax (GST) hike kicked in, food costs rose and rents soared. The Consumer Price Index (CPI) rose 2.6 per cent from a year earlier after rising 1.3 per cent in June, the Department of Statistics said yesterday....