A PERSONAL income tax hike for Singapore’s top earners did not cause them to spend less overall, while accompanying redistribution programmes did boost consumption by lower-income groups, a new study has found. The paper, by researchers from the National University of Singapore (NUS), looked at the impact of a personal income tax hike for the […]
Read MoreSINGAPORE hotels’ average room rate (ARR) picked up in December 2022 after a marginal fall in November to record a new 14-year high, going by Singapore Tourism Board data on Monday (Jan 30). ARR was up 27.7 per cent from the year-ago period to S$285.84. It was also up 1.9 per cent from November’s S$280.57 […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17). Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, […]
Read MoreSINGAPOREANS’ headline inflation expectations for the year ahead fell, down to 3.8 per cent in a December poll from an 11-year high of 4.6 per cent in September 2022, according to the latest quarterly results of the Singapore Index of Inflation Expectations (Sindex). However, the fourth quarter one-year-ahead inflation expectations are still higher than the average one-year-ahead […]
Read MoreTHE recovery of Singapore’s tourism sector has accelerated and is now expected to show next year, ahead of the earlier forecast mid-2020s, according to Minister of State for Culture, Community and Youth Alvin Tan. “The recovery of tourism is accelerating faster than we expect… now it is accelerating and we expect recovery next year, 2024,” […]
Read MoreNEW private home sales plummeted in December to the lowest since 2009, according to data released by the Urban Redevelopment Authority on Monday (Jan 16). Developers in Singapore sold a total of 170 units last month, excluding executive condominiums, down 34.6 per cent from the 260 units moved in November last year. The latest December […]
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