Rich-Poor Divide Widens in Singapore
In a grim paradox, many of Singapore's middle and lower classes have been unable to reap the benefits of three years of growth and that the nation's poorest 30% are in fact worse off than they were 5 years ago.This can't be good news for a government determined to pursue its drive of attracting foreign talent to its shores if its own people can't even benefit.
And it can't be helped by the fact that the government will increase its GST to 7% sometime this year.
I bet someone's hoping those new casinos will help to boost domestic consumption somewhat and create the multiplier economic benefits they have been touted to bring.
Technorati: Singapore, GST.
posted by hew @ 1:28 pm
2 Comments:
they are much better off compare to malaysia
well it's hard to say. I guess need to get some good data to compare b4 we can make accurate comparisons.
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