Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg

Singapore Wages May Worsen Fastest Rich-World Inflation: Economy

bloomberg.com 05 Dec '12, 11pm

Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg

When dozens of Chinese bus drivers held Singapore’s first strike in 26 years last week, the island deported the perpetrators. Getting rid of the soaring prices that are emboldening calls for higher wages won’t be as easy. Rising housing, transportation and business costs have given the city state the fastest inflation among the developed world’s biggest economies. The illegal protest by the SMRT Corp. (MRT) drivers in late November may herald a further escalation in price pressures, as even foreign laborers whose cheaper wages have helped restrain inflation express dissatisfaction with their incomes. “All price go up, only salary no up,” Delowar Hussin, a Bangladeshi laborer, said as he hauled a bag of concrete debris into a dumpster outside a Singapore office tower housing Morgan Stanley (MS) and Citigroup Inc. (C) Hussin, 41, said he earns a basic wage of S$18 ($15) a da...

Full article: http://www.bloomberg.com/news/2012-12-05/rich-world-s-fas...

Tweets

@KenNiuM » 10 Dec '12, 2am
RT @Kentaztic: Singapore Wages May Worsen Fastest Rich-World Inflation: Economy - Bloomberg via @BloombergNow [link]
@jasonsyeo » 07 Dec '12, 11pm
Can't imagine how this plays out. "Singapore Wages May Worsen Fastest Rich-World Inflation: Economy" [link] via @BloombergNews
@euromoney » 07 Dec '12, 11am
Old-skool proper endogenous inflation: Singapore Wages May Worsen Fastest Rich-World Inflation: Economy - Bloomberg [link]
@markgpaine » 07 Dec '12, 12am
Singapore Wages May Worsen Fastest Rich-World Inflation: Economy a tale of two cities emerging [link]
@befudd » 06 Dec '12, 9pm
Singapore Foreign Workers Deported After Demonstration: - Hong Kong people have a lot more freedom! [link]
@patrickgervais » 06 Dec '12, 7pm
The price of prosperity? Crazy inflation in #Singapore Wages May Worsen Fastest Rich-World Inflation [link] via @BloombergNews
@commidescochons » 06 Dec '12, 3pm
RT @OliveVentures: Singapore's "work-cheap model is reaching its limits especially since the cost of living is high" [link] RT @mrbrown
@clemtan » 06 Dec '12, 12pm
#Singapore can deport striking #China bus drivers, but what about soaring prices emboldening calls for higher wages? [link]
@rileykim » 06 Dec '12, 12pm
A concerning read about how "Singapore Wages May Worsen Fastest Rich-World Inflation" [link] via @BloombergNews
@giraldo711 » 06 Dec '12, 12pm
Singapore Wages May Worsen Fastest Rich-World Inflation: Economy #recortes #salario #trabajo [link]
@OliveVentures » 06 Dec '12, 10am
Singapore's "work-cheap model is reaching its limits especially since the cost of living is high" [link] RT @mrbrown
@RAMEN_IKEMEN » 06 Dec '12, 9am
RT @claudia_jng: And then we made it to Bloomberg with #cranestrike. Singapore Wages May Worsen Fastest Rich-World Inflation: [link] #fb
@thanr » 06 Dec '12, 9am
RT @zenjournalist: Singapore is becoming unaffordable [link]
@zenjournalist » 06 Dec '12, 9am
Singapore is becoming unaffordable [link]
@claudia_jng » 06 Dec '12, 8am
And then we made it to Bloomberg with #cranestrike. Singapore Wages May Worsen Fastest Rich-World Inflation: [link] #fb
@rinpotter » 06 Dec '12, 8am
[link] dear ministers, please read this...
@cheanliang » 06 Dec '12, 8am
Sometimes I pretend it's expensive in #Switzerland but it's not cheaper back home in #Singapore really with less pay. [link]
@spiritz » 06 Dec '12, 8am
RT @mrbrown: [link] “I wouldn’t be surprised if labor strife becomes a more frequent occurrence going forward.” DBS economist Irvin Seah
@mrbrown » 06 Dec '12, 8am
[link] “I wouldn’t be surprised if labor strife becomes a more frequent occurrence going forward.” DBS economist Irvin Seah
@occupysg » 06 Dec '12, 7am
Depending on cheap international labor is not sustainable. [link]
@gorlero » 06 Dec '12, 7am
“All price go up, only salary no up,” Delowar Hussin, a Bangladeshi laborer, said as he hauled a bag of concrete... [link]
@andrewhahalee » 06 Dec '12, 6am
Singapore Wages May Worsen Fastest Rich-World Inflation: Economy - Bloomberg via @BloombergNow [link]
@ParisSingapore » 06 Dec '12, 6am
Singapore Wages May Worsen Fastest Rich-World Inflation: Economy [link] #Singapour
@debbsliew » 06 Dec '12, 5am
RT @stanyee: Singapore's inflation is fastest in developed world's biggest economies: "All price go up, only salary no up" [link]
@DeidreZune » 06 Dec '12, 3am
The world's fastest rich-world inflation economy may get worse [link] $ews
@kelvinyong80 » 06 Dec '12, 3am
RT @danielgoh: Singapore Wages May Worsen Fastest Rich-World Inflation: Economy [link] via @BloombergNews
@caffine_cigs » 06 Dec '12, 3am
Fueled by population/resource burdens~ @BloombergNews Rich world's fastest inflation may escalate on Singapore wages | [link]
@TrueMarketAI » 06 Dec '12, 3am
Rich world's fastest inflation may escalate on Singapore wages | [link] #Stocks
@Neighorn » 06 Dec '12, 2am
Good read from Bloomberg: #Singapore Wages May Worsen Fastest Rich-World Inflation Economy [link]
@metanoik » 06 Dec '12, 2am
Singapore Wages May Worsen Fastest Rich-World Inflation: Economy - Bloomberg [link] #economy
@debbsliew » 06 Dec '12, 2am
RT @linuschua: `Singapore Inc. is facing an adjustment period and there is no easy way out' - Facing Developed World's Top Inflation [link]
@linuschua » 06 Dec '12, 2am
`Singapore Inc. is facing an adjustment period and there is no easy way out' - Facing Developed World's Top Inflation [link]
@kanesulfur » 06 Dec '12, 1am
For those living in Singapore, you might find this report on the rising cost of living in that island interesting. [link]
@HedgeMunkey » 06 Dec '12, 1am
Rich World’s Fastest Inflation May Escalate on Singapore Wages [link] via @BloombergNews
@stanyee » 06 Dec '12, 1am
Singapore's inflation is fastest in developed world's biggest economies: "All price go up, only salary no up" [link]
@SingaporeVIP » 05 Dec '12, 11pm
News: Rich World’s Fastest Inflation May Escalate on Singapore Wages: When dozens of Chines... [link] [link]
@bloggerasia » 05 Dec '12, 11pm
#OpenFollow Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link] #Singapore
@sphang » 05 Dec '12, 11pm
Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link] #asia,#economy
@SingaporeToBali » 06 Dec '12, 12am
Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link]
@Libertarianshow » 05 Dec '12, 11pm
Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link]
@Monetarysystem1 » 05 Dec '12, 11pm
Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link]
@sphang » 05 Dec '12, 11pm
Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link] #asia,#economy
@BontangKuring » 05 Dec '12, 11pm
#OpenFollow Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg [link] #Singapore