The Americans are very worried about the inflation hitting them and Jerome Powell is doing his best with tough decisions to raise interest rates. He is even willing to take the collapse of weaker banks as collaterals to this high interest rate policy to rein in inflation.
In Singapore, it is like there is no inflation or no one is interested about this story. Either there is no inflation or inflation is manageable. Even if COE prices have hit more than $100,000, it seems that all is fine. Even if rentals is now a hot topic for the foreigners working here, it is like nothing.
These two items alone, especially COEs, would have very serious implications on the cost of livings as transportation and supply chain will affect businesses in many ways. Even small businesses and hawkers are affected by high transportation cost. The repair men would now charge a basic $50 to make a house call for repair jobs. All the items in the kopitiams are now priced much higher than before. So were the basic necessities in the supermarkets.
Well, is it all silence on the western front or eastern front? All the hikes in fees, road gantries, etc etc do not affect the average Singaporeans? By the look of things, it must be, that the average Singaporeans are coping very well with the inflation or no inflation. Life is going on as if nothing has changed.
Must give credit to the govt for managing the situation so well. No complaints means no problem ie no inflation. Maybe the people have switched from eating fish to eating prawns. No fish, prawns also can do.
As for foreigners renting a room, they can also down grade to HDB flats just like Singaporeans downgrading from land properties to condos, from condos to HDBs, from bigger HDBs to smaller HDBs. There are still rooms for adjustment to stay well and good.
21 comments:
The inflation topic is suppressed, just like the CPF unfairly still paying us low interests despite the big rise in global interest rates.
How can CPF be paying below bank rates?
"The inflation topic is suppressed, just like the CPF..."
What about adverse reactions from 'the Safe & Effective'...
In the meantime, while being slaughtered, complying lemmings would happily go about their everyday just meh, meh, meh, while being slaughtered
The following should be listed on the stock exchange as premier blue chip investments...CPF, HDB, LTA
CPF has superior working capital than banks because of lower interest rates to singkies, stable inflow of cash from millions of working singkies and their employers, guaranteed minimum sum of cash deposit from singkies who have retired.
HDB has to be the most profitable property business on the planet. Rental collection of 99 years in advance from majority of population. Superior profits generated because land bought on the cheap are factored at market value for final pricing to singkies. HDB has heaven-sent data to project how many flats to be built, where and when. Those lording over this island cannot be wrong.
LTA has to be the most profitable traffic management business on the planet. Just a piece of paper called Coe can be worth over $100k. How about other creative forms of revenue in billions put in place by LTA ?
- These 3 iconic institutions suggest we have the local talent to helm DBS and Temasek.
Well it's affordable as they say
They are quietly underpaying CPF members.
Is this what we want in Singapore? It is already getting so expensive. //www.mothershipsg.com/Singaporeans-treated-2nd class-23-01-30-foreigner-spit.
Of course the inflation topic is suppressed. In fact the touted 5.5% inflation is grossly below reality and is a joke.
The rise in prices of both food and household essentials and necessities are just shocking to say the least. Talking about them is depressing, listening to the propaganda is sickening.
Another round of gouging will come with the increase in GST next year. But even before that, businesses will start hiking prices pre-GST, to be followed by another hike post-GST beginning 2024. Two rounds of GST hikes give two rounds of opportunity for gouging by businesses.
There used to be talk about taking to task those found to be profiteering in the past, in fact a much ado about nothing exercise, when the Government is also complicit in the game. Any profit accruing due to rental hikes, bidding for, tendering for, is deemed clear and transparent and no one needs to be taken to task nowadays. But who deviously and discreetly engineered and initiated all that?
Would anyone in Parliament raise the question on why CPF is paying lower interest than the banks?
I used to pay $76 for 12 lb Whey protein. Now it is $99 for the same 12 lb. More than 20% increase.
Why complain so much? The PAP government has just announced another round of free money for 2.5 million Singaporeans to offset the rise in cost of living. What more do you want? The PAP is very generous giving with one hand and robbing you with the other. The whole chicken and the chicken wing scenario. GE must be round the corner. Cast your vote wisely. The next time you put that cross on the ballot paper, remember the pain when you see the grocery bills, the ERP, the utility bills, the hawker centre charges and all the others.
As of March 2023, Singapore’s annual inflation rate fell to 5.5% from 6.3% in the prior month.
At 5.5%, all our CPF Ordinary, Special and Medisave accounts are earning NEGATIVE real interest rates.
Silence in Parliament: Pritam Singh's Workers' Party pushing English Test for immigrants which would favor South Asia applicants, but very quiet on our CPF money.
With more English speaking Indians becoming citizens, it would solve the problem of Indian PM. No more excuses. This is a pre emptive strike against the current thinking.
Preparing the ground for the next Indian PM.
Shit times recently had an article
mentioned China low inflation rate
is no good, so Singapore high inflation rate is good
True, true, got traffic jam means people are getting richer. If COE prices go higher, it means Singaporeans are also getting richer. If HDB prices reach $1m, it means Singaporeans can afford to buy.
These are all good news. The higher the inflation, the more expensive Singapore becomes, then Singapore can gain the accolade of being the most expensive city in the world.
Singapore is number one!
Hi Mr Chua
Have to be careful with that protein stuff.
Too much lonh term and if our kidneys in our age cannnot cope with the load will lead to proteinuria.
Too much these supplements of protein and cretaine for body building and atheletes even after weaning less or gave up still had long term traces in the urine and blood and may lead to renal failures.
Diayalsis chia lats liao!
Cheers
Hi Virgo, thanks for the advice.
I used the Whey protein only as a supplement. Take some after my exercise. Not everyday.
So far ok.
Cheers.
Protein Bad for kidneys?
This is a myth when body builders use steroids and whey protein powder gets the blame.
Things that kill kidneys are high blood pressure, hyperglycemia and a high oxalate food intake.
Lets these experts explained some of details.
Dr. Sarah Huen - 'What Is a Kidney Healthy Diet? Context Matters'
https://www.youtube.com/watch?v=KvfCCntwO9A
Session 38. Protein Does Not Cause Kidney Disease, High BGL Does-Dr. Bernstein's Diabetes Univ..
https://www.youtube.com/watch?v=559rV3L1ixM&t=810s
For protein powder, I only bought those made in the state of California as only that state has regulations governing the production and manufacturing of whey protein powder.
Regards
Moderation is the key. Our body needs protein, carbo, sugar, salt etc etc. Without them we die. Too much of any of them, it gives trouble.
Cheers.
Who to believe nowadays? Take the COVID19 vaccines as an example. Even taking hypertension and cholestral drugs are bad for the body, but not taking it is just as detrimental. What choices do we have?
Yes, too much of a good thing can be bad too. Even inflation, high or low, can be bad both ways, as they argued. Only what fits the agenda is deemed as good. So, figure it out!
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