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Your Place, Your Part, Your Party ! YP Rocks! |
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Strobe lights glittered over the crowd,
waiters offered hors d’oeuvres, while an acapella band sang in the background.
The cocktail party at the National Museum atrium looked like the kind of bash that well known fashion labels
hold.
This one, though, was being thrown by the Young PAP, to mark its 22nd anniversary as well as recruit members.
Click on more for highlights
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Rising Prices - How Singaporeans Can Cope.
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Living Costs in Singapore have been going up in recent months. There are several factors for this:
1.Increases in prices of food and other goods;
2. Strong economic growth;
3. One-off changes, such as GST and Annual Value of HDB flats.
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Singapore Budget Statement 2008
A total of $1.8 billion worth of benefits given to Singaporeans as part of Government's surplus sharing package.
Please click on more for the full text of the Finance Minister's Budget Satement.
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Singapore expects to achieve a Budget surplus of S$6.4b for fiscal year 2007.
Announcing this in Parliament on Friday, Finance Minister Tharman Shanmugaratnam however warned that inflation remains a major uncertainty for the economy.
He added: ""We seek to moderate imported inflation through our Singapore dollar exchange rate policy. There is a limit to how fast the Singapore dollar can appreciate without hurting our economic performance and growth, and eventually causing wages to fall. An overly strong Singapore dollar can bring inflation down, but at the cost of lower growth and higher unemployment."
"This is why, while we can mitigate imported inflation through MAS's exchange rate policy, we cannot insulate ourselves completely from the effects of global inflation."
Please click on more for Budget 2008 Highlights.
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