Its that time of the year to collect mid-year bonus for civil servant again! It is heartening to note that the government accepted NWC's recommendation to raise the wages of low-wage workers by at least $60. Not much though, but definitely a step in the right direction to help the low income group who struggle with rising living expenses. As the economy matures, there should be more schemes in placed to ensure that this group of Singaporeans are not left behind.
The Singapore economy grew by 0.2% in the first quarter of 2013, compared to 3.3% in the previous quarter. The Ministry of Trade and Industry forecasts GDP growth of 1% to 3% for 2013. The global economy is expected to improve gradually this year with modest growth in the US and moderate growth in Asia supported by healthy domestic demand, although the Eurozone is expected to remain ......
