Geopolitical tensions and inward-looking policies will heighten constraints, says the Forum. Read more at straitstimes.com.
SINGAPORE - Many Filipinos these days are in tears over onions - not because of the sting - but because of the short supply having pushed prices to an all-time high. At nearly 600 pesos per kilogram, onions now cost nearly three times as much as chicken, which retails at 220 pesos per kilogram.
People will have to deal with the growing pressure of climate change impacts and an ever-shrinking window to keep global warming to no more than 1.5 deg C by cutting emissions to reach net zero by 2050. “Those that are already the most vulnerable are suffering – and in the face of multiple crises, those who qualify as vulnerable are rapidly expanding, in rich and poor countries alike.”Cooperation in a fragmented world is the theme of this year’s annual meeting, which will be held next Monday to Friday.
The report ranked the cost-of-living crisis as the most severe global risk over the next two years, but said this will peak in the short term. However, the prolonged war in Ukraine will mean “stubborn” inflationary pressures for governments and the central bank over the next two years.
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Environment risks dominate in ‘polycrisis’ world: WEF surveyThe report shows how current cost-of-living concerns are replaced by environment-linked risk as the decade progresses. Read more at straitstimes.com.
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Cost-of-living crisis biggest global risk: Davos studyGlobal inflation remains at sky-high levels after energy and food costs rocketed last year. Read more at straitstimes.com.
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Advertisers may sue platforms that falsify circulation figures, say lawyers in wake of SPH caseBut the cost of legal action may outweigh the amount recovered, according to legal experts.
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Leong Mun Wai’s proposal to value HDB flats at historical cost ‘not logical’, says Desmond Lee“He is in fact seeking to raid our national reserves in promising you that he can make HDB flats dirt cheap,' said Mr Lee. Read more at straitstimes.com.
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More than $200,000 per household - that's how much it might cost for some HDB residents to gain access to liftsFor those living in Housing Board flats, having a lift that stops on every floor is not just for convenience. For the elderly and disabled residents, it's an essential amenity. But there are 140 blocks across Singapore that still do not have direct access to a lift, Desmond Lee said on Monday (Jan 9). The Minister for National Development was...
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Quotes: Uniqlo owner gives Japan Inc a jolt with 40% wage hikeUniqlo parent Fast Retailing Co Ltd said on Wednesday it would raise wages by as much as 40 per cent, in the clearest sign yet that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting.The move by the casual clothing giant may serve as a wake-up call for Japan
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