SINGAPORE’S unemployment dipped across the board in October, remaining at around pre-Covid levels, according to the Ministry of Manpower’s (MOM) report on Wednesday (Dec 7). The monthly unemployment situation data showed that overall unemployment rate slid to 2 per cent in October; resident unemployment, to 2.8 per cent and citizen unemployment rate, to 3 per […]
Read MoreSINGAPORE – Retail sales in Singapore continued to climb in October, though at a slower year-on-year pace, as car sales extended their slump, according to figures released by the Department of Statistics on Monday. Total retail takings rose 10.4 per cent year on year, easing from the revised 11.3 per cent growth in September and […]
Read MoreRESIDENTIAL property owners in Singapore are poised to pay higher property taxes next year, with the annual values of both private and public housing rising in tandem with surging market rentals. Annual values (AV) of most residential properties will be revised upwards from Jan 1, 2023, as part of the Inland Revenue Authority of Singapore’s […]
Read MoreSINGAPORE: Higher inflation ate into Singaporeans’ take-home pay this year but real median income still grew at 2.1%, an improvement over 2021’s 0.9%. This year’s growth in real income – after adjusting for inflation – was nonetheless lower than the pre-Covid-19 average of 3.8% for the years 2014 to 2019, when inflation was lower, the […]
Read More(Bloomberg) — Singaporeans are seeing faster growth in their real income this year but the pace hasn’t returned to pre-pandemic levels even after robust adjustments in pay, dragged by inflation near a 14-year high. Real median wage, which takes inflation into account, increased 2.1% in 2022, faster than 0.9% the previous year but lower than […]
Read MoreREAL median income growth rose to 2.1 per cent in 2022, as strong nominal income growth outstripped inflation, said the Ministry of Manpower (MOM) in the advance release of its annual Labour Force in Singapore report on Thursday (Dec 1). But this was still slower than in the pre-Covid years, when real median income growth […]
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