Money Week 2012 Episode 43
The Neighbourhood CNY Markets As Chinese New Year approaches, the crowds in neighhourhood CNY markets are gradually increasing. However, the gloomy economic outlook ahead sees consumers taking more caution on spending, and some stall owners have also reported that the prices of most items, from candies, cookies to fruits have all increased in prices as well. Will there be a last minute shopping spree to boost the overall consumer expenditure, to a level comparable to last year? Mapping Singapore’s FutureBy 2030, the population of Singapore is projected to reach 6.9 million, up from the current 5.3 million. To cope with the increase in population, 700,000 additional homes are planned and the rail network will be doubled. How will Singapore’s economy evolve in the next 17 years? Which are the sectors poised to benefit from this? And how should Singaporeans prepare to adapt to the developments?