Saturday, June 30, 2007

GST increase on 1 July

The news was showing an interview with a jewellery retailing manager along Wisma last night on the business impact on the pre-GST increase.

"Guys just come in and ask for the diamond even thought they do not know when will they propose to their wife-to-be. Families are buying the 4 pieces of gold first although the wedding is next year."

From her glow on her face and smile, one can easily tell that sales volume is naturally excellent. She must have earn quite a fair bit of commission on the increase sales volume already.

Singapore is weird. Spending tons of money in order to save the 2% while history has shown that the retailer would hold greater discount to increase sales volume after the GST rose.

Not only the retailer are happy, the government must be happy too. Those jokers on the street are contributing to our pay increment!!!

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