I love the way the Straits Times puts a spin on bad news. It tries to make you feel better. Just like this Monty Python video. Always Look On The Bright Side Of Life could jolly well be the Straits Times theme song.
Look at the latest news.
Inflation already at a 27-year high, is rising even faster than expected in Singapore, now the fifth most expensive city in Asia — after Tokyo, Seoul, Hong Kong and Osaka.
Consumer prices may rise 6 percent to 7 percent this year, the biggest increase since 1981, says the Monetary Authority of Singapore raising its inflation forecast for the third time this year. Earlier it forecast 5 to 6 percent inflation.
But the Straits Times highlights a silver lining in the dark clouds and says:
But there was also some positive news. The MAS said price rises should now start moderating from this month as domestic cost pressures in the labour and commercial property markets seem to be easing.
That’s good news indeed. Fewer workers will be hired. That’s what the MAS says:
Recent employment surveys have also shown that employers have become more cautious about hiring, suggesting that the pressures on the labour market could ease.
But don’t worry, be happy. Look on the bright side of life. Just like the Straits Times.
And if you still want to read the news, compare the Straits Times and the Bloomberg reports on the economy.
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