PM Wong cited some Consumer Price Index (CPI) figures between 2022 and 2024. He illustrated that even as GST was increased by 1 percentage point each in January 2023 and January 2024, the CPI inflation in Singapore went down from 6.1 per cent in 2022 to 4.8 per cent in 2023 and 2.4 per cent in 2024.
Tag: Economy
Pritam Singh states “poor fiscal marksmanship”, GST hikes fanned “flames of inflation” in Singapore
Speaking in Parliament on February 26, addressing the Singapore Budget 2025 presented by Prime Minister and Finance Lawrence Wong last week, Pritam Singh criticised the Singapore Government’s decision to raise the Goods and Services Tax (GST) in 2023 and 2024, stating that these moves had fanned the “flames of inflation”. The country’s “exceedingly healthy fiscal position” made the GST hikes unnecessary, he said.
Nutrition expert Rujuta Diwekar slams Nikhil Kamath, warns against adopting Singapore’s eating out culture in India
Kamath had suggested that India should adopt Singapore’s culture of dining out instead of cooking at home, predicting that such a shift would open vast opportunities for restaurateurs in India.
Innovation in technology gets pride of place in Singapore Budget 2025, driving SG60 economic growth
The Singapore Budget 2025, presented by Prime Minister and Finance Minister Lawrence Wong, has put a particular emphasis on certain economic areas as being the drivers of SG60 growth. One of them is research and development (R&D) to promote innovation in technology.
Singapore Budget 2025: Cost-of-living mitigation includes more direct benefits for people of all ages
PM Wong’s budget speech referred to a revision of the taxation system in Singapore in order to meet public spending needs by mopping up more revenue, and also to ensure more fiscal prudence.
India Energy Week 2025: Focus on scaling up renewable energy, city gas distribution, and electric vehicles
Some of the sessions at India Energy Week 2025 discussed the pathways to reach the renewable energy goal, the optimisation of city gas distribution to promote cleaner fuel, and the wider adoption of electric vehicles to cut emissions. Each aspect is crucial, as energy transition cannot happen in separate silos; rather, it is an ecosystem.
India Energy Week 2025: Mix gets cleaner even as demand surges, driving domestic transformation with a global impact
The population size and the economic growth in India combine to give this country a leading role in the global energy transformation. Even when India focuses on its domestic renewable energy and clean energy sector, that shift in consumption from the most polluting fossil fuels to cleaner fuel sources makes a noticeable global impact.
Singapore tourism hits new high: 16.5 million visitor arrivals in 2024; SGD 22.4 billion in tourism spend in Jan-Sept
India was in third place among top markets for visitor arrivals in Singapore in 2024, preceded by Mainland China in the first position and Indonesia in the second position.
What will PM Wong put in Singapore Budget bag for 2025? Catch live broadcast at 3.30pm on Feb 18; sign up for post-Budget dialogues
REACH, the Singapore Government’s feedback and engagement unit, will hold two in-person Budget Conversations in English and Mandarin, on 20 February 2025 and 13 March 2025, respectively.
India Energy Week 2025: Pioneering energy strategy spreads out risks and strengthens key pillars to fuel economic growth
The upcoming India Energy Week 2025 in New Delhi will show the progress achieved by India’s 4-plank energy security strategy (launched in January 2023), which is based on diversifying supplies; increasing exploration and production (E&P); developing alternative energy sources; and undertaking an energy transition through a gas-based economy, green hydrogen, and more.
