Singapore’s economy is slowly recovering as income and spending tick upwards, DBS data shows – S. China Post

Singapore’s largest bank, DBS, on Tuesday released findings from anonymised customer accounts that show the city state is slowly making its way out of pandemic-induced recession, with the second half of last year showing improvements in income and a rebound in consumption compared with April and May.In May last year, about a quarter of the 1.2 million DBS customers who had salaries credited into their accounts showed pay cuts of more than 10 per cent, but by December only one-fifth were showing…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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