Almost everyday I hear the price of a certain item has increased. 2007 is indeed a year of increases, notably the GST increase from 5% to 7%, bus fare increment, ERP rates increase, pork price increase, flour price increase....
This morning as I read last night's Chinese newspaper, there is this article on 10 sets of kaya,butter toast costing $15 in a chinatown coffeshop!! The owner cites high rental as the reason...
Just be prepared for more increases ahead. I personally believe that GST will be increased further with the government cutting corporate taxes to attract MNCs, high tech setup to open shop in Singapore. As they argued, this will give our citizens more job openings,etc. But in order to balance the "loss" in corporate tax revenue, they will have to increase consumer tax...
More to ponder on my next posting...
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1 comment:
Rats.
With all the inflation, my blood pressure also inflated liao.
Better do soemthing before my blocked head blood vessel burst under increased pressure
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