I don't know where to post this but the UBS Prices and Earnings comparison should be interesting. The ChannelNewsAsia report (http://www.channelnewsasia.com/stories/singaporebusinessnews/view/450029/1/.html) mentioned that Singapore is the second most expensive city after Tokyo. I don't have the time to go through the whole report (http://www.ubs.com/1/ShowMedia/wealthmanagement/wealth_management_research/prices_earnings?contentId=170298&name=PreiseLoehne_2009_e.pdf), but compare the following from the overview section (levels normalized with New York at 100):
Price levels: Singapore - 82.0 or 70.7 Tokyo - 102.0 or 85.3
Wage levels: Singapore - 26.8 or 31.3 Tokyo - 74.0 or 83.0
Notice while the price levels of both cities are fairly similar, the wage levels of Tokyo is about three times that of Singapore.
Dear Mr. Tan,
ReplyDeleteI don't know where to post this but the UBS Prices and Earnings comparison should be interesting. The ChannelNewsAsia report (http://www.channelnewsasia.com/stories/singaporebusinessnews/view/450029/1/.html) mentioned that Singapore is the second most expensive city after Tokyo. I don't have the time to go through the whole report (http://www.ubs.com/1/ShowMedia/wealthmanagement/wealth_management_research/prices_earnings?contentId=170298&name=PreiseLoehne_2009_e.pdf), but compare the following from the overview section (levels normalized with New York at 100):
Price levels:
Singapore - 82.0 or 70.7
Tokyo - 102.0 or 85.3
Wage levels:
Singapore - 26.8 or 31.3
Tokyo - 74.0 or 83.0
Notice while the price levels of both cities are fairly similar, the wage levels of Tokyo is about three times that of Singapore.
Finally, all the best for your gathering!
-- A Singaporean
What can be done for these migrant workers? I hope the Ministry of Manpower has implemented some measures to protect the rights of these workers.
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