Strong property market, Singapore’s reopening fuel higher land betterment charge rates

SINGAPORE – Land betterment charge (LBC) rates have been raised for residential, commercial and industrial use for the next six months from Friday, with the rates for non-landed residential use seeing the biggest increase due to a robust property market as well as healthy bids for state-owned land and collective sale sites. Developers pay a LBC […]

Japan’s planned record minimum wage hike opens path to sustained GDP growth

TOKYO (REUTERS) – Japan’s average minimum wage is set to rise at a record pace this year, the government said on Tuesday (Aug 2), a positive development for Prime Minister Fumio Kishida’s efforts to cushion households from global commodity inflation. The Health Ministry formally approved a recommendation by its sub-committee that the average minimum wage […]