Tag Archives: EIU

ECONOMIST SAYS 10.9% YOUTH UNEMPLOYED IN SG, MOM SAYS ONLY 6.7%

Youth unemployment is a problem for any country, which is why governments try their best to keep such figures to a minimum. So it comes as a shock when according to the Economist Intelligence Unit (EIU), the latest youth unemployment rate in Singapore is at 10.9%. That puts Singapore on par with South Korea.

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Singapore is top investor-friendly location

Singapore kept its top spot in the Economist Intelligence Unit’s (EIU) latest ranking of the world’s most investor-friendly locations, staying ahead of second-placed Switzerland and third-placed Hong Kong. The EIU survey measures the quality of the business environment in 82 locations across the world. The survey is designed to reflect the main criteria that companies use to formulate their global business strategies, and is based on historical conditions as well as expectations of prevailing conditions over the next five years.

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Singapore can be relatively affordable if you do not buy a car

recent study by the Economist Intelligence Unit had ranked Singapore as the most expensive city for expatriates -- an outcome that is partly due to the stronger Singapore dollar. After tracking global prices of several goods and services, Sanjeev Sanyal, a Deutsche Bank strategist based in Singapore, said that the exchange rate has made Singapore more expensive in US dollar terms. However, a lot also depends on lifestyle choices.

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Calm Down Singaporeans, Our Country Is Not The Most Expensive For You

After living in Singapore for the past 25 years, I find this statement to be lacking in accuracy from the perspective of a local citizen. Yes, Singapore may not be the cheapest place in the world, but the average Singaporean is doing pretty alright financially. So before people start packing their bags and move to India, Syria or Nepal to enjoy the lowest costs of living in the world (according to the survey), let's take a look at the facts:

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Don’t believe the headlines about the “world’s most expensive city”

The problem lies not with the EIU or with its methodology. It is fit for its purpose, which is specifically to provide guidelines for bosses deciding how to compensate employees being transferred abroad. But reading newspaper headlines suggests that it is a bargain to live in Mumbai or Karachi, the lowest-ranking cities on the list. This may be true for somebody on an expat benefits package with a lavish housing allowance thrown in, but for everyone else, it makes little sense.

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