The trend of traders grappling with price-sensitive consumers and “exorbitant” operational costs is also evident across the causeway at Ramadan bazaars in Singapore. Last year’s Goods and Services Tax hike to 9 per cent, alongside soaring rental rates and base prices, has left many vendors with no choice but toContinue Reading
LOWER GROWTH, HIGHER UNEMPLOYMENT The Fed also said it will slow the ongoing drawdown of its balance sheet, known as quantitative tightening. Fed Governor Chris Waller dissented from the policy statement because of the change in balance sheet policy. The rate projections matched the expectations set by financial markets aheadContinue Reading
TOKYO: Japanese firms agreed to raise wages by more than 5 per cent on average this year, on course for their most substantial pay hike in over three decades – a relief for many workers though it’s unclear if the increases will lead to a meaningful jump in consumer spending. AsContinue Reading
