Tuesday November 29, 2005

Singapore school fees rise 700+%

There's an article in today's Straits Times on an upcoming steep rise in Junior College school fees. Fees at Raffles JC are going up from $28 to $250 per month from next year (an increase of 793%), while over at Hwa Chong JC, fees are going up from $26 to $225 per month (an increase of 765%).

Now how's that for price inflation? Financial planners tell us to expect 6% inflation per year for education costs, so what do you call this - a super-spike?

In other inflationary news, a financial planner came over to the company to give a talk on healthcare costs, and she said that healthcare costs are also expected to inflate by 6% per year.

So, are you getting at least a 6% raise every year? Your savings accounts are probably not getting you 6% per year either. Looks like we're losing out to inflation, folks.

(2005-11-29 16:02:39 SGT) [Biz] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out