GST hike must proceed, govt prepared to do more if situation 'worsens significantly': DPM Wong

GST hike must proceed, govt prepared to do more if situation ‘worsens significantly’: DPM Wong

More support will be given — if needed — to households affected by the impending Goods and Services Tax (GST) hike. This is on top of the support announced at this year’s Budget to cushion the impact. Responding to parliamentary…

Singapore's core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation has surged to a 13-year high, driven by rising prices of food and utilities. It was 3.6% in May on a year-on-year basis. Including private transport and accommodation costs, headline inflation accelerated to 5.6%. All sectors saw…

British fish and chip shops under threat amid rising costs, Russia-Ukraine war

British fish and chip shops under threat amid rising costs, Russia-Ukraine war

Rising costs are threatening a British tradition. A third of the country’s roughly 10,000 fish and chip shops are at risk of going bust this year. In just a year, the price of cod and haddock is up 75%, sunflower…