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How will Singapore’s Budget 2023 address rising costs?

SINGAPORE: Given that Budget 2023 falls on Valentine’s Day, Singaporeans can be forgiven for hoping for some love from the government as they wrestle with the impact of rising prices, increasing healthcare needs, a widening wealth gap and greater uncertainty in an age of rapid digitalisation. After three consecutive generous budgets, Finance Minister Lawrence Wong […]

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Singapore: Higher-income earners hit by expensive items; worst of inflation may be over: Analysts

SINGAPORE – Real income growth remains muted, but sky-high inflation may have peaked, experts say. They were speaking to The Straits Times on 2022 household income figures released by the Singapore Department of Statistics (SingStat) on Thursday. Median monthly household income from work rose 0.2 per cent in real terms, or after adjusting for inflation, in 2022. […]

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