SingPost responds to TRE reader’s letter
Yesterday (17 Feb), TRE published a complaint against SingPost from a TRE reader ('SingPost sucks big time!'). The reader, Izan, sent some documents to Bangladesh using Speedpost last October. The documents eventually reached the addressee and he thought that was the end of the matter. But on 6 November 2013, while he was at...
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...
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