Market Review and Trends
Incremental GST Rate Hike: A Cause for Inflation?
By 1M65  •  February 13, 2024
Could incremental GST Rate Hikes be one of the big reasons why Singapore faced such high inflation rates in the past year? Since 2023, Singapore has been faced with rising cost of living, Mr Loo expects this to continue through 2024, attributing some of this to incremental GST Rate Hikes over 2 years from 7% to 9%. Watch to find out more!...
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By 1M65
Loo founded the Non-Profit 1M65 Movement and was one of the few non-civil servants to receive the Public Sector Transformation Award in 2018 for his 1M65 efforts. Kate, Loo’s daughter, is a 19-year-old finance guru wannabe. If you’d like to hear more from Loo and Kate on Personal Finance, please join the 1M65 Telegram Discussion Group or watch their entertaining Youtube channel.
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