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Hyperinflation situation in Singapore

PAP Gov has defied basic Economics rationale in managing the Hyperinflation situation in Singapore.

It has done exactly the reverse in both the demand and supply sides of the economy which would have worsen the inflationary situation!

On the supply side, instead of helping businesses, especially SMEs to reduce costs of production, it has instead putting more burden on them by increasing levies, rental, electricity tariffs, fees etc.

The increase of water tariffs, public transport fares, healthcare charges, public housing prices etc which are totally within the government's control and perusal, have further worsen the inflationary pressure.

On the demand side, PAP gov has increased the domestic demand by adopting an aggressive migration population policy which increased the population by 5% within a year.

In order to score political points, they have further aggravated the inflationary situation by giving out money in their populist policy. Injection of more liquidity during such high inflationary situation will only add oil to the fire.

Needless to say, the totally inappropriate timing of GST increase is the biggest stab in everyone's back during this difficult time.

All these doings of PAP government are really out of sync out of mind during such a hyperinflationary era. While PAP Gov has tried to keep imported inflation under control by maintaining a strong Singapore dollar foreign exchange rate, but it has basically negated all these efforts by messing up the domestic policies.

 

Goh Meng Seng

 

 

yyy
READER COMMENTS BELOW

30 Responses to “Hyperinflation situation in Singapore”

  • rice:

    Another way of COLLECTING MORE MONEY from peasants,BLAME INFLATION???
    The more INFALTED PRICE$ are,the HIGHER THE G$T COLLECTION.
    NO MORE KPKB ABOUT COE,PUB OR MRT?

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  • NotMyProblem:

    In SG, there is a very strange way of running a business!

    Examples: when not many people posted letters in SG, causing reduced business for post office, the post office increased postage by more than $0.20 for normal local mail.

    But in the case of utilities, they increase the price to discourage usages!

    So when no body uses, increase price. When too much use, also increase price. WTF.

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  • Harder Truths:

    There are a few reasons in $ikieland that this happens – both are engineered.

    1. More and more people are coming here – driving up prices for limited supplies.

    2. More and more people means wages decrease to the lowest bidder willing to work – whatever $tupid $inkies need, the FT will ask for far less just to be employed.

    3. The land, food and other prices are artificially set and more taxes are collected as time goes on. There is really no supply and demand in reality, as price controls (or increases rather) will determine what people get or don’t get.

    4. Most $tupid $heeple think it is okay to get a 100-year loan on a doghouse. This raises the bank profits but gets people working as slaves just to repay the banks who just issue a piece of paper saying they will guarantee the loan and do nothing else.

    The interest rates go through the roof as banks have no reason to lower their rates for locals as there are enough FT to loan out as much paper as needed.

    All monies that go to Regime are recycled for their use. Over and over. The Regime owns everything but produces nothing of value. People have to repay the Regime for their own assets.

    Other than that life in $inkieland is great.

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  • Too expensive:

    The Government Policy is making the Retired Seniors and the jobless suffer..cannot survive with the ever increasing prices.
    The Government Agencies and Service Companies here are merciless to those owning them money..acting like loan shark chasing them with warning letter.
    What is Singapore coming to?
    Time to change ?

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  • Light The Way:

    Singapore Dollar above The People.

    The elites have their own assets and money to look after.

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  • Fujian Gangs:

    …”OCBC seeking at least S$19.7 million, mortgaged Sentosa Cove villa from money laundering accused Su Baolin”
    Such orders were issued on 152 properties as part of the S$2.8 billion money laundering case, with eight of them being Sentosa Cove landed homes.”
    …”Singapore’s open door to billionaires shuts out logic
    Brigadier general calls the shots but his top brass will struggle with his wonky economics”
    https://www.scmp.com/business/article/1278264/singapores-open-door-billionaires-shuts-out-logic?campaign=1278264&module=perpetual_scroll_0&pgtype=article
    Pinkie loves the BILLIONAIRES and their money.
    When it flows in, anyone surprised that inflation shot thru the roof.
    Worse, some of these Billionaires are very very bad people, like the Fujian Gangs.
    152 properties or more are now in limbo, while the peasants are struggling with their mortgages and COL.
    COE at $155,000, BTO at $877,000 thanks to the FAILED economics of Casino Pinkie.
    His Daddy said—build casino over his dead body; pinkie went all in.
    And his Ministers love GCBs.

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  • VFC:

    GMS:
    In order to score political points, they have further aggravated the inflationary situation by giving out money in their populist policy.

    https://www.channelnewsasia.com/singapore/retail-rents-reits-shopping-malls-tenants-big-read-3254231

    THE PAPPY GOVT BAND AID SOLUTION IS NOT HELPING THE “HIGH COSTS OF LIVING BLEEDING SITUATION” CAUSED BY “HIGHER OPERATIONAL COSTS DUE TO INFLATION AND GEOPOLITICAL TENSIONS.” TO MAKE THINGS WORSE, THE PAPPY GOVT IS GOING HEAD-ON TO INCREASE GST TO 9‰ AT THE START OF 2024!

    THE PAPPY GOVT IS GOING TO BE A VICTIM OF ITS OWN POWER COME GE2024 WHICH IS MY PREDICTION!

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  • Harder Truths:

    Light The Way:
    Singapore Dollar above The People.

    The elites have their own assets and money to look after.

    You mean “the elites have our money and assets to look after them”.

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  • voted for it:

    deserve it
    bring it on
    asked for more
    no pity hahahahahahahaha
    don’t care
    doesn’t affect me
    won’t help either
    don’t even have to notice it

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  • Gulugaram:

    Argentina is quite a big country in the South America.

    Almost the size of India with vast fertile plains and abundant mineral deposits.

    In 1913, they had a GDP of more than US$3700/-, significantly higher than that of France, USA,Germany and many other European countries.

    This year, the inflation rate for the country is about 147%. For the past 70 years, one quarter of the time , their economy had negative growth.

    How on earth could a country so rich in so many ways declined in just one century?

    In a nutshell, it is all because of one man ———Juan Perom who was, in 1946, elected in as president of the country. He wanted his country to be stronger and reformation of the country economy lied at its core.

    What he did was very similar to what some of the oppositions in Singapore have been advocating….handsome subsidies to lower strata of the population, increased worker wages significantly. He was thinking that his country coffer was huge enough to last forever. But he was wrong and in no time, Argentina was no longer rich .

    To save the country? They need leaders like lky, gks, lks, lhl……

    God bless Argentina.

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  • Not For Flipping:

    ”Housing is for Living NOT for flipping”…HDB advert.
    HDB did not get this…their own…memo for the past 30 years.
    Now we have $877,000 BTO …and rising!
    And many million dollare resale flats.
    They continue to give out HDB resale grants to blow air into the bubble.
    And bankrupt government coffers!
    A time will come, very soon, to pay the Pied Piper.
    Like Stop-At-Two….it seems like a good idea at that time.
    We are now the undisputed ”most expensive city” in the world.
    No baby dare to be born here!
    Thankyou HDB.
    How now…to get out of this mess???
    Meanwhile…@Fujian Gangs”Worse, some of these Billionaires are very very bad people, like the Fujian Gangs.
    152 properties or more are now in limbo, while the peasants are struggling with their mortgages and COL.”
    Wash and Flip City of Tainted Gold.

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  • Singaporean R Free Rider:

    Harder Truths: You mean “the elites have our money and assets to look after them”.

    You mean “The Chinese Gangster have scammed money and assets to look after them” ?

    The Chinese are using the Belt and Road Initiative to export gangsterism.

    Facts#1 Human Trafficking Hell (#167)-Inside The Chinese Colony In Laos
    https://shorturl.asia/FsMDm

    Facts#2 Watch video at time 2:30 Gangster in red T with Chinese word Bai
    https://shorturl.asia/gfozF

    Where are all the Chinese Chauvinistic Pi (CCP)?
    Where is CCP Chief Dave?

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  • Pappigs:

    Pappig, don’t divert attention.

    Singaporean R Free Rider: You mean “The Chinese Gangster have scammed money and assets to look after them” ?

    The Chinese are using the Belt and Road Initiative to export gangsterism.

    Facts#1 Human Trafficking Hell (#167)-Inside The Chinese Colony In Laos
    https://shorturl.asia/FsMDm

    Facts#2 Watch video at time 2:30 Gangster in red T with Chinese word Bai
    https://shorturl.asia/gfozF

    Where are all the Chinese Chauvinistic Pi (CCP)?
    Where is CCP Chief Dave?

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  • dave:

    Singaporean R Free Rider: You mean “The Chinese Gangster have scammed money and assets to look after them” ?

    The Chinese are using the Belt and Road Initiative to export gangsterism.

    Facts#1 Human Trafficking Hell (#167)-Inside The Chinese Colony In Laos
    https://shorturl.asia/FsMDm

    Facts#2 Watch video at time 2:30 Gangster in red T with Chinese word Bai
    https://shorturl.asia/gfozF

    Where are all the Chinese Chauvinistic Pi (CCP)?
    Where is CCP Chief Dave?

    Your mouth is as smelly as the cunt you crawled out from.

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  • rice:

    Let’s put it this way.
    A truly caring govt will also ensure that it tries to contain “inflation” whatever it takes.
    Do we see our govt doing such?
    Things like increasing G$T in the midst of “supply-demand” inflationary pressures ONLY SERVE TO ADD FUEL to inflation itself?
    A few GST VOUCHERS here n there will not SOLVE THE INFLATION BUT POLICIES THAT ADD TO INFLATIONARY PRESSURES Will definitely jack up the COL further.

    COL IN SG IS SIMPLY TOO HIGH.
    And,for the G to further “INFLATE” the demand-supply related inflation is quite irresponsible of PUBLIC POLICY adminstration.

    The $CHOLARS WITH MPA should understand much better than simple old poor uncles like us.
    If not,they should step down and let others do the job.

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  • Casino-mics:

    ”Bloomberg
    How suspects laundered billions in Singapore for years”
    https://sg.finance.yahoo.com/news/how-suspects-laundered-billions-in-singapore-for-years-023128274.html
    ”Wang Dehai was already on the run when he made Singapore his home five years ago. Police in China were offering a bounty for information about him for his alleged role in an illegal gambling ring.

    Once in Singapore, Wang and his wife set up a family office and he got an employment pass, giving him the right to stay in the city-state.”
    ”There was enough risks or obvious questions to require much more rigorous and significant due diligence to be done on the provenance of these people and their money,” said Christopher Leahy, ”
    Whatever that was uncovered is just the tip of the iceberg.
    Pinkie -casinomics attracts all the wrong type of people to this digital Macao.
    Laundered money flowing in by the billions must surely be highly inflationary.
    Wang Dehai, man on the run, can get employment pass and set up family office.
    Papigs might as well sell this country to the highest bidder.

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  • SINGAROAR:

    The cost spirals upwards almost on a weekly basis and LW is increasing the GST in 2024. We are being pushed to the wall. Maybe this is what is needed for the pro-pappies to change.Chicken too expensive eat fish. Fish too expensive,eat vegetables next porridge? Maybe global warming, other countries may not have enough to export, then how? PAP supporters better have a solution, it may be too late to get rid of the Foreigners then as they would have become citizens.

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  • Singaporean R Free Rider:

    dave: Your mouth is as smelly as the cunt you crawled out from.

    Ouch.. the truth hurts..

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  • PAP mandate strong:

    @ Gulugaram

    Thats true.
    Other reasons as well, their people not interested in studying as well. The gov also failed to focus on education.

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  • dave:

    Singaporean R Free Rider: Ouch.. the truth hurts..

    Everyone please take note of this smelly cunt. I have been monitoring his posts and it is very clear that he is paid to post anti and hate China fake news here.

    Without fail, everyday, without reason or any connection with the topic under discussion, he would throw in his hate garbage here. He is paid to do this.

    TRE must not let this low life that makes his living spreading hate for a foreign agency to use this site for this purpose. He should be cancelled.

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  • Singaporean R Free Rider:

    dave: Everyone please take note of this smelly cunt. I have been monitoring his posts and it is very clear that he is paid to post anti and hate China fake news here.

    Without fail, everyday, without reason or any connection with the topic under discussion, he would throw in his hate garbage here. He is paid to do this.

    TRE must not let this low life that makes his living spreading hate for a foreign agency to use this site for this purpose. He should be cancelled.

    You finally revealed your true self… a Chinese Chauvinist

    If I had posted China fake news, Techie will sure to come in to clarify and warn me.

    Did you even watch and follow real news analysis?
    https://shorturl.asia/zaeHQ

    You are such a pathetic naive and gullible opposition canon fodder like the Hong Kees Black Shirt pro demoncracy rioters. To be make use of and dump like a soiled underwear.

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  • Singaporean R Free Rider:

    Pappigs:
    Pappig, don’t divert attention.

    Did you even watch and follow real news analysis?
    https://shorturl.asia/zaeHQ

    You are such a pathetic naive and gullible opposition canon fodder like the Hong Kees Black Shirt pro demoncracy rioters. To be make use of and dump like a soiled underwear.

    Poor canon fodders.

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  • Singaporean R Free Rider:

    Gulugaram:
    Argentina is quite a big country in the South America.

    Almost the size of India with vast fertile plains and abundant mineral deposits.

    In 1913, they had a GDP of more than US$3700/-, significantly higher than that of France, USA,Germany and many other European countries.

    This year, the inflation rate for the country is about 147%. For the past 70 years, one quarter of the time , their economy had negative growth.

    How on earth could a country so rich in so many ways declined in just one century?

    In a nutshell, it is all because of one man ———Juan Perom who was, in 1946, elected in as president of the country. He wanted his country to be stronger and reformation of the country economy lied at its core.

    What he did was very similar to what some of the oppositions in Singapore have been advocating….handsome subsidies to lower strata of the population, increased worker wages significantly. He was thinking that his country coffer was huge enough to last forever. But he was wrong and in no time, Argentina was no longer rich .

    To save the country? They need leaders like lky, gks, lks, lhl……
    God bless Argentina.

    Very well said.. clap clap
    You said the same thing as this video.
    https://shorturl.asia/1SOv4

    What he did was very similar to what some of the oppositions in Singapore have been advocating….handsome subsidies to lower strata of the population, increased worker wages significantly.

    “This is not a game of cards” : Lee Kuan Yew
    https://shorturl.asia/h7JcE

    Conclusion: Argentina gave out over generous subsidies and now it cannot cut back. Argentina is now bankrupt.

    “When your outflow exceeds your income, your upkeep becomes your downfall” ― Jim Rohn

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  • Singaporean R Free Rider:

    Too expensive:
    The Government Policy is making the Retired Seniors and the jobless suffer..cannot survive with the ever increasing prices.
    The Government Agencies and Service Companies here are merciless to those owning them money..acting like loan shark chasing them with warning letter.
    What is Singapore coming to?
    Time to change ?

    Time to change?

    If you vote out PAP, gangster will control the police/army and terrorize the people.

    Watch video at time 2:30 Chinese Gangster in red T with the word Bai
    https://shorturl.asia/gfozF

    Ang Mo mafia collect protection money.
    https://shorturl.asia/XjKqA

    Be warned. Never vote Opposition.

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  • SINGAROAR:

    There have been so many Chinese Billionaires allowed into Singapore. It makes you think whether they are here with Xi’s blessings. It cannot be otherwise as China is communist and Xi can stop the flow of monies out by snapping his fingers. So why is he allowing it? The PAP have also allowed Chinese from the mainland to take up citizenships. Many cannot speak English and have said their loyalties are to their motherland,China. Is this infiltration by Communist China? Are they going to take over govt.as citizens by collapsing the economy. LHL has made a grave error in allowing Communist China monies into Singapore. We may lose the State because of his actions.

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  • Koontulolagy:

    Countries around the world are allowing the flow of Chinese funds into their countries!

    Of the world 191 countries, more than 140 of them are having mainland China as their biggest trading partner.

    Annually, more than a hundred million people migrated. In year 2023, Canada accepted more than a million migrants from all over the world. Australia accepted more than 4 hundred thousands, United Kingdom accepted about half a million. The flow of people across borders is taking place like never before!

    You must be the stupixxxxxdest being to have said what you have said!

    SINGAROAR:
    There have been so many Chinese Billionaires allowed into Singapore. It makes you think whether they are here with Xi’s blessings. It cannot be otherwise as China is communist and Xi can stop the flow of monies out by snapping his fingers. So why is he allowing it? The PAP have also allowed Chinese from the mainland to take up citizenships. Many cannot speak English and have said their loyalties are to their motherland,China. Is this infiltration by Communist China? Are they going to take over govt.as citizens by collapsing the economy. LHL has made a grave error in allowing Communist China monies into Singapore. We may lose the State because of his actions.

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  • dave:

    SINGAROAR:
    There have been so many Chinese Billionaires allowed into Singapore. It makes you think whether they are here with Xi’s blessings. It cannot be otherwise as China is communist and Xi can stop the flow of monies out by snapping his fingers. So why is he allowing it? The PAP have also allowed Chinese from the mainland to take up citizenships. Many cannot speak English and have said their loyalties are to their motherland,China. Is this infiltration by Communist China? Are they going to take over govt.as citizens by collapsing the economy. LHL has made a grave error in allowing Communist China monies into Singapore. We may lose the State because of his actions.

    Go visit Singapore’s Chennai Business Park and Singapore’s Mumbai Financial Centre and open your eyes to see who is inflitrating Singapore.

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  • dave:

    Singaporean R Free Rider: Very well said.. clap clap
    You said the same thing as this video.
    https://shorturl.asia/1SOv4

    What he did was very similar to what some of the oppositions in Singapore have been advocating….handsome subsidies to lower strata of the population, increased worker wages significantly.

    “This is not a game of cards” : Lee Kuan Yew
    https://shorturl.asia/h7JcE

    Conclusion: Argentina gave out over generous subsidies and now it cannot cut back. Argentina is now bankrupt.

    “When your outflow exceeds your income, your upkeep becomes your downfall” ― Jim Rohn

    American agent, you forgot to sneak in your hate China lies. No need to pretend lah. Just do your job for the Americans or you would not be paid.

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  • rice:

    G$T increase akan datang.
    With HIGHER PRICE$ ALL AROUND,The Pay And Pay party will be so happy as GST COLLECTION ON HIGHER PRICES means MORE MONEY TO BE COLLECTED easy pea$ily.

    This G could not care less if poor sgs eapecially the elderly n jobless are financially burdened.
    Higher HDB prices,higher food and transport fees and Utilities charges means extra GST BONUS for a greedy govt.

    Wake up sgs.
    If you bochup,you get $crewed deeper.
    Why wait till you are totally cornered ?
    You can put a stand this coming GE.
    Vote for PSP,SDP and others.
    Make a difference for CHANGE with the vote in your hand.
    Make a statement!

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  • Singaporean R Free Rider:

    dave: American agent, you forgot to sneak in your hate China lies. No need to pretend lah. Just do your job for the Americans or you would not be paid.

    Stupid Chinese Chauvinist, hard truth for you!

    中國暗助緬甸三兄弟造反!
    https://shorturl.asia/WpDlz

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