2023 GST Hike from 7 to 8 %

Supplies of goods or services that you make on or after 1 Jan 2023, you must charge GST at 8%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2023, you must account for GST at 8%. 

If you are a GST-registered business that is subject to reverse charge (“RC business”), you must account for GST at 8% on the services you procure from overseas suppliers (“imported services”) on or after 1 Jan 2023.  

They called it smart shopping. Singaporeans go on their shopping spree for big tickets items, these last few days of 2022.  This is due to the GST hike from 7-8%, a mere 1 % hike.

To many, that means a lot. If you are purchasing big ticket items like houses, cars, renovations, furnitures, savings can be substantial.

With this GST hike many are spending more than they need, in order to mere savings of the 1% hike.  The upbeat shopping spree can be seen offline and online. Consumers can be seen, attempting to get their purchases before the hike. Despite the negative impact of pandemic to the economy, many are seen shopping.

As many can see, the pandemic did not make any damages of assets to the rich.  In fact, the rich becomes richer and the poor poorer.  How is that so?  That is because the rich does their purchases all year long. The rich only buy necessary merchandise or profit earning merchandises, while the poor stack their purchases in order to flaunt their extra cash or to save the mere 1% tax hike.

So, please do not rush into shopping and spending thousands and tens of thousands of dollars, just to save a mere few hundred or few dollars.  Think smart, act smart!  

Food Delivery Services

I must say I am pretty impressed with the better services provided by foodpanda. The app and delivery service used to be 3 stars and have recently improved and personally, i feel their service is as good, if not better than grab delivery service.

Grab and foodpanda are two companies who have been benefitting and enjoying growth and expansion, since the pandemic.

Food Vendors

Many food vendors and shop had no choice, but to move to online platforms, in order to bring the income in and ensure that their food are sold if not sold out. Now, food delivery platforms like grab, foodpanda and deliveroo have managed to grasps this opportunity.

Food Delivery Staff

In fact, these delivery suppliers have grew the working population. People of all ages, races and gender can simply sign up to be their delivery staff.

Though hard work and lots of physical movements required, many have jumped onto this bandwagons that provide good employment for many , regardless of the pandemic situation. The hard earned money is decent, and if one is hardworking, can earn up to S$3K to S$4K per month.

Cost to Consumer for Convenience Offered

And though these online delivery services company offer the best alternative for remote ordering and clearing of food for food vendors, who if not, would have to suffer a much more wounded income, the companies charge the vendors and consumers a fee, in order to provide this convenient service.

I mean sometimes, if I cater in my transport fee, it is quite worth the while to pay some difference to benefit the convenience and hassle free service. And moreover, I get to have more time to do other stuff.

Fees & Convenience

In fact, some vendors hike up their unit prices in order to cover the fees, passing on the charges to the paying consumers.

Consumers being able to enjoy the convenience of not travelling to purchase food and receiving their orders piping hot, while they enjoy the comfort of their home or office, bears the costs,

Hence, sometimes it is quite interesting to check on different food delivery service company and see the differences in prices for the same food ordered.

Good Enhanced Service

Oh ya, this post was triggered by the good service that food panda has given. I ordered three packets of laksa and rojak, few days ago and experienced delayed order. It was about 3.45 pm and I was ok with the delay as I ordered the food for dinner. When the food arrived, I noticed that the rojak sauce spilled and messed up my laksa packs.

Though it was not a big deal, I took a picture and sent it to the cs for feedback, hoping that the future packaging would improve. So, I was surprised when I received a response from them that they regretted this incident and would give me 100% refund on my order!

Of course this would be paid by the food vendor, but it is a good feedback loop for them to pack their items properly, in order to prevent spillage when transported by the grab delivery service guys/gals.

Repeat Customers due to Good CS Provided

Yes, I was so pleasantly surprised. And of course, the following day, I ordered from them again and double the quantity ordered as I had this positive experience with them.

So, their good customer service gained them repeated customers again. For the platform as well as the food provider, as I do enjoy the laksa and rojak a lot.

I am not sure if I am biased due to the good service I received from foodpanda or not. But, I realised that foodpanda platform service fees seems to be lower than grab’s these days!

What are your thoughts on the foodpanda, grab or deliveroo service provider in your area?

WTF is Metaverse

WTF is Metaverse?

Many of you may wonder as you hear the news about the Facebook name change! Facebook has officially announced their new name to Metaverse!  What a clever s$ab@#.

But, what is Metaverse?  Facebook practically took the virtual world by storm when it took the name!!

WTF is Metaverse!

Metaverse

Metaverse is a virtual reality space in which users can interact with a computer generated environment and other users.

Meta comes from the Greek word which means with, across or after. 

Oh yes, universe, here comes metaverse, not the company.  Even before the launch of Metaverse, there have been many companies that have successfully launched their metaverse games versions like the Decentraland, Crypto Punks, Bored Ape Yacht Club, CyberKongz and etc.  They have been making and getting multimillions investments to build and launch the games on the blockchains. 

Cryptocurrencies

Now, you may be asking wtf does crypto has to do with this?  Unfortunately or fortunately, depending on how you see it, it has to do with everything!

And oh, yes, if you are into cryptocurrencies trading and investments, you would have come across many of the tokens and coins that are behind all these metaverses games.

Blockchain, Metaverses and Cryptos

You can now easily buy and sell coins via Coinhako, Coinbase or Crypto.  And if you want more details to how to use them, check out our previous write up on setting up and using cryptocurrencies app.

And if you think you are too cool for crypto and you do not want to burn yourself investing in crypto, I respect your decision totally.  Your money, your life!

The Banks and The Government

Unfortunately, while you listen to the news of crypto being hacked, how dangerous it is to buy into crypto …

Ya, I know there are always some big bad wolves out there, just be a little conscious and check out your sources.

Quietly and quickly behind the scenes, the government, the banks have been the first to build and scoop in the ground work to all these.

What! Are you serious!
Whatt!!

Don’t take my word for it, check these out.

Oh! And for you curious heads out there, you may want to check out what is NFT. Yup, you guess it right again! WTF is NFT! If it is too heavy for your read today, you may park it for later.

Universe?

So, what is the universe up to? There goes the universe! 

Uni comes from the Latin word which means one.  Universe means one world, right.

Now, with the evolution of metaverses, people can now have another life, multiple lifes in the virtual world.  The world where you can be anything you want.  The world where you can be royalty, king, the big bad boss, you think it, you can be it.

Now, this gives a wider meaning to the “what you are today, were once thoughts”!

Happy, Healthy & Prosperous 2021 to you!

Wishing you a happy, healthy and prosperous 2021! May you enjoy good health, excellent well being, happy home and relationships and prosperous manifestation! Huattt ahhh!! Huattt ah!!

2020 has been a special year that all of us will remember for ever. It has been a year filled with unique trials and experiences. Regardless of all the changes and restrictions imposed upon us on 2020, we must admit that it has been a year where we really focus on what really matters to us, our life, our health and our happiness. Thank you 2020! Thank you covid-19! Thank you frontliners! Thank you governments! Thank you fellow citizens and friends who have been keeping each other safe, amidst the chaos we saw in 2020!

So, what is your resolutions for 2021? Will you be re-cycling your resolutions from 2020?

Will you be focusing more on health and happiness? Or will you be focusing on building your wealth this year? Or will you be focusing on education and upgrading of your skills and knowledge? Whatever, it may be, we wish you all the best and may you enjoy every moments of your journey in this wonderful 2021!

Be Healthy and Happy!

2021 is the year for you! A year to be healthy and happy. Re-discover how you can start your year by enhancing on your overall well-being.

Be Prosperous!

Feng Shui Your Bedroom

Find out how you can make some minor changes to your bedroom to enhance your health, happiness and prosperity!

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FOOD

Check out local and international food delights. Discover where to savour the best food in town at great prices. Food bargains in food court and hawker centers, food offers at international and local buffets in hotels and restaurants and food for that special occasion. Catering and how to cook tips are also available in this food channel.

Check out the special food channel just for you.