Forget about the mind-boggling plethora of websites and online forums dedicated to the latest wedding angpow rates. Here comes PARF – a Personal Angpow Rate Formula – to help you calculate just how big an angpow you should give at weddings.
Words by Zara Zhuang
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Wedding season is upon us, and we should all be afraid. Very afraid.
Contemporary weddings have attained the scale of a tactical operation, with ever-expanding budgets being their hallmark. According to the latest Julius Baer Lifestyle Index, the cost of a wedding banquet increased over the 2013–2014 period in seven out of 11 major Asian cities studied. In Singapore, the increase in cost over the same period was 14%, second only to Jakarta’s 26%.
Year-on-year increases in the cost of holding a wedding are commonly attributed to rising labour and food costs, as well as the tax on liquor, whose excise duty rate ......