The inflation expectations of Singaporeans edged up to 2.97 percent in December as geopolitical uncertainties offset recovery in global economic growth.
Deloitte Singapore is expecting the Budget 2018 to tackle the proposal of staggering the GST rate hikes to lessen the financial impact of the move to the lower income group in the city-state.
Figures from the Singapore Institute of Purchasing and Materials Management showed that the manufacturing sector expanded for the 16th consecutive month in December.
Earlier SIA said they would charge 1.3 percent service fee from January 20 based on the total amount of the booking for flights departing from Singapore.
Singapore's economy is expected to see a slight moderation this year as export demand slows and the construction sector remains weak, said BMI Research economists.
Singapore is the 21st most expensive city worldwide for expatriates, according to the latest cost of living survey by ECA International published on Tuesday.