BT Money Hacks: Combatting costs in the world’s costliest city (Ep 178)

    • Dealing with high costs in the world’s costliest city can be challenging.
    • Dealing with high costs in the world’s costliest city can be challenging. PHOTO: ADOBE STOCK
    Published Mon, Aug 5, 2024 · 05:00 AM

    Singapore as a global financial hub attracts expatriates from around the world. This drives prices and costs up. Additionally, Singapore has been crowned the costliest city for expats by several surveys. How is everyone dealing with this accolade and those pesky costs? Howie Lim finds out from Christopher Forbes from CMC Invest and Bryan Tay from Lendela.

    Synopsis: Every Monday. The Business Times breaks down useful personal financial tips with expert guests.

    Highlights of the conversation: 

    01:10 Where do extra costs for expatriates come from?

    04:55 Increasing compensation package; a self-fulfilling cycle

    07:47 How citizens are coping

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    12:09 Could the high cost of living force expats out?

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    Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We’ll look into it for future episodes.

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    Written and hosted by: Howie Lim (howielim@sph.com.sg)

    With Bryan Tay, country manager, Lendela and Christopher Forbes, head of Singapore, CMC Invest.

    Edited by: Howie Lim & Claressa Monteiro

    Produced by: Howie Lim

    Engineered by: Joann Chai Pei Chieh

    A podcast by BT Podcasts, The Business Times, SPH Media

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