maffisomekh2

Singapore's impending GST hike will kick in from next year after Parliament on Monday (Nov 7) passed a Goods and Services Tax (Amendment) Bill. Opposition MPs who were present recorded their dissent against the Bill, following a five-hour debate, where Workers' Party (WP) MPs reiterated their stance opposing the GST hike and stressed that there were alternative revenue options available. In his closing speech, Deputy Prime Minister Lawrence Wong, who is also Finance Minister, said the WP MPs had painted "a very simplistic narrative that the Government has not considered these alternatives. That we are on autopilot, we are not open to ideas. We are just stubbornly pushing away, and something we decided to do anyway. But that’s completely false.”

MONEY Animation [Singapore's History] !FLASH WARNING!

Singapore Airlines expects a decline in passenger yields going into next year. This, as rival airlines increase their operating capacity by putting back planes left idle during the COVID-19 pandemic. SIA said passengers will have more flight options, which might affect demand beyond the year-end peak travel season. SIA posted record operating profits of nearly $690 million for the last quarter and over $1.2 billion for the half year. But it remains watchful going into 2023, citing high fuel prices and geopolitical tensions.

Travel bigger with Singapore Airlines