Singapore announces $1.1 bn inflation relief package
Singapore has announced a $1.1 billion dollar stimulus package to tackle the cost-of-living crisis. Do stimulus packages work during periods of high inflation? Why are other countries not announcing similar schemes?
Thanks to Singapore for prioritizing its citizens in this economic crisis
170 different supply chain routes are managed efficiently by Singapore,They are one of the best in competition and management of their ports,Airports ,other forms of Transport.
Singapore is a highly developed city state, its high GDP enables them to do so~
While for countries which is not developed or has huge population, then it’s unwise to distribute welfare
Petrol price increases, USD increases too
Cutting tax will also mean significant decrease in government revenue. This can have catastrophic consequences. Case in point - Sri Lanka.
Every nations should learn from Singapore..
If only my country is like Singapore.
It's always the people that suffer! Meanwhile, the rich get richer at our expense!
1.1b inflation relief for a country with 350b GDP is nothing. It helps a few at the bottom some relief. They are doing well.
Read my Lips
Actually what you said is half correct. Yes during covid many countries are giving money to people to stimulate the economy. However the recent price are are also due to the war in Ukraine and logistic issues
The stock market has been incredibly volatile recently. The global economy has become increasingly unstable.
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Stand strong Singapore
We are all in this global inflation...
All caused by oil.
Stimulus package Singapore did it smartly......
Someone, just someone
How can a single city pull out such a relief package? Did they not spend their budget in the past?
Biden has made such a mess of our country. We the people need help we are going to be homeless and hungry. This is happened in 2008 with him and Obama. I lost everything from their administration and now here we go again.
This is call govt who only think about country's development and it's people . Within 40 yrs this country become one of the powerful and develop country in the world.
welldone singapore... take action early
Singapore is right as he can’t increase supply as he has to import but atleast make common man to buy basic product easily
Increase roi will impact middle families as won’t be able to buy basic products. Increase supply not increase Roi
yudhi adhyatmiko siswono
Singapore is rich among ASEAN countries but they also the only South East Asia country that sanction Russia while others are still have trade with Russia especially oil, gas and wheat, of course paying with Roubles btw.
I say let's wait and see how long this will go.
Lee Kuan Yew once likened then Ceylon ,after independence, to a flower garland being handed over to chimps and monkeys.
No more recession these medias hype everything now days
Everything Bcus of war in Ukraine. Why not say because Sanctions instead
I don't understand economy too much, but something here does not make sense. If you give money out freely, does it not devalue the currency? If everyone suddenly got one million of their local currency on their accounts how much value would that hold in international economy?
Well no room for food because all they wanted was money and high rise
Briere St jean
1.3 billion people, relief of 300,000 million, why even mention that...
Singapore is a financial centre so not surprise many are doing financial trading or something related to finance.
SG the greatest country in east Asia!!!
Who’s money??? Hahahaha
Singapore should charge money to go through Singapore waters just like Egypt do.
Don't worry about Singapore. You better worry about yourself.
Singapore has a large class of relatively poor people.
Rishi indal RJ
India will be least effected from this inflation because every type of food products are made in india... We just need petrol, diesel, CNG ...... Expect these three things india have everything