View of Central Shopping Centre from Hong Lim Park.
Absorb GST - passing the buck
Fair Price, Cold Storage, Shop N Save and Shengxiong are absorbing the July GST increase, albeit for a few months. It would be nice if all the big shops absorb the GST increase altogether. Then the people can save some money from this increase.
But can things be so simple. Once there is an increase in cost, the merchants will know what to do and finally the consumers will end up paying everything and more.