Singapore’s tourism icon, the Merlion. Photo: Xinhua/File
Singapore’s tourism icon, the Merlion. Photo: Xinhua/File
Singapore

Businesses fleeing to Singapore from Hong Kong dealing with soaring inflation costs in city state

  • With inflation soaring to the highest level in 14 years, expenses are rising at a faster pace in Singapore than in its financial rival of Hong Kong
  • Hong Kong landlords cut office rents in core business districts by 4 per cent, while rent in Singapore’s central business area accelerated

Singapore’s tourism icon, the Merlion. Photo: Xinhua/File
Singapore’s tourism icon, the Merlion. Photo: Xinhua/File
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