It's happened, what to do?
This is about what sum up the proceedings on tackling rising cost of living. Lim Hng Kiang said, "we 'cannot completely insulate ourselves' from the global price hikes." The govt is looking at other measures, no cutting of GST or petrol taxes or that sort of things. Anyway our petrol tax is 'modest,' only 44c a litre. And the govt's policy is to maintain price stability etc. Have prices been stable? Many have reached a point when every cent counts, when every little increases are no longer affordable. Can understand this or not? Oh, the high inflation rate will cool off later in the year. It is only temporary. Really, are we expecting the prices to go back to where they were before after the cooling off period? Obviously not and they will stay at current level. So how would temporary once off handouts going to help in the long term? And workers are not going to expect pay rise or substantial pay rise to offset the high inflation cost. The solution, please tighten your belt.