The additional half-month S&CC rebate provided in the support package will help to offset the impact of the higher S&CC for these households. According to the MOF, on average, the additional rebate will fully offset the S&CC increase in the first year of increases for one- to four-room...
The cost of living for homes and businesses, as well as efforts to increase economic competitiveness, encourage young families, and help workers stay relevant, were announced. The government plans to spend over $131 billion to "forge a stronger and more united nation". The full Budget Statement...
A close parallel to this is the need for greater spending on our healthcare in the face of changing demographics – the silver phenomenon. While Singapore should be honoured to be a Blue Zone, increasing our healthspan, and not just our lifespan, comes with a parallel increase in health...
Regardless of your decision on which career avenue to pursue, be sure to engage a reputable professional services firm to assist you in obtaining the necessary permits to enable you to work in the country. Engaging a professional firm will simplify the process and increase your odds of making ...
Large, unexpected changes in conversion rates can increase your cost. You can mitigate this with Standard Chartered LiveFX platform. It offers an easy way to track currency exchange rates in real time, and you can set alerts and the platform will automatically convert for you when the rates hi...
This should not be surprising given the systemic increase in cost of living across the world. To effectively retain and recruit their most valued employees, employers should bear this in mind when designing or optimising their rewards and benefits structures.” Noel GohWorkforce Rewards Leader, PwC...
Informing customers of price increas... How do I claim back GST? Frequently Asked Questions (FAQ) Further information The Singapore government announced that the Goods and Services Tax (GST) rate wil increase from 8% to 9% from 1 January 2024. ...
U.S.cities ranked lower on the list because of the nation's weakened dollar against other currencies, with New York at No. 13 and Los Angeles at No. 14. The report notes, however, that New York saw a "comparatively sharp increase in the relative cost of living" compared w...
In addition to cash flow challenges, many small business owners in Singapore are experiencing an increase in emotional distress, the top three being stress (53%), anxiety (46%), and sleepless nights (44%). An Air of Optimism Despite these troubling figures, an air of optimism still exists ...
“The new minimum wage of RM1,500 per month was fully enforced on July 1, an increase of between 25% and 36.3% compared to the RM1,100 to RM1,200 monthly wage in 2019. “Over the period from 2013 to 2023, minimum wage has increased by 5.8% per annum from RM900 per month for ...