Income up by just 0.5 per cent last year

Straits Times Singapore, December 1, 2009, Tuesday   THE income of Singapore workers has hardly moved, climbing a paltry $10 in one year to $2,600 this June. This rise in the median monthly income of full-time workers works out to a mere 0.5 per cent. In contrast, their income last year soared by 11 per cent and in [...]

CPF Life scheme should factor in inflation

Straits Times Singapore, October 31 , 2009  Saturday           IT IS disappointing that CPF Life’s payout rates will not factor in inflation. According to the Department of Statistics, one in two people aged 62 in 2006 will live beyond 85, and one in seven will live beyond 95 – 20 and 30 years, respectively, [...]

CPI falls, but inflation expected to return

Straits Times Singapore, October 24, 2009 Saturday By Jonathan Kwok ECONOMISTS are predicting a return of inflation by the end of this year, despite September’s consumer price index (CPI) recording a year-on-year fall for the sixth straight month. Rising oil prices and the recovering economy mean that the current deflationary pressure on prices will not be sustained, [...]