Surplus for FY2013 may hit $6.5 billion!
PM Lee Instead of achieving the $2.4 billion official estimated surplus for the financial year ending 31 March 2014, it looks like Singapore is going to hit a bumper surplus of $6.5 billion instead! This is according to estimates from economists and financial analysts in the industry. The overall surplus is calculated by deducting...
SG inequality improves but still far off OECD countries
According to the Department of Statistics' 2013 report on key household income trends, Singapore's median household income from work rose to $7,870 in 2013, up 4% from 2012. However, when inflation is taken into account, the real income growth is only 1.6%. Income inequality, as measured by the Gini coefficient, also fell from...
PM wants freer flow of capital & talent by 2015
PM Lee In an interview with China’s New Century, a magazine by Beijing-based media group Caixin, published today (17 Feb), PM Lee talked about how Singapore needs to keep a balance between the yin, which he described as caring for one another, and the yang, which is the competitive element that drives society forward ('PM...
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