The taxman cometh, and he means to have a hike

1. What do you think was a significant thing that happened this week?

Singapore Prime Minister Lee Hsien Loong said on Sunday that it was "not a matter of whether, but a matter of when" taxes would have to be raised, setting off a frenzy of speculation that some kind of tax hike might be announced in the next national budget.

The leading candidate for a revision at the moment is the Goods and Services Tax (GST), which currently stands at 7 per cent and was last changed in 2007.