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Serious Pinoys Screwed by 3rd World Wages, First World Prices! Sinkies Still Kaopei????

Pinkieslut

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‘First world prices with third world wages’: Filipinos compare grocery prices between Singapore and Manila​


Coconuts Manila
Mon, November 14, 2022 at 8:42 AM·2 min read


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Another day, another cost of living debate. It’s no secret that Filipino shoppers have been bearing the brunt of inflation rates this year, coupled with staple goods shortages, that have led to increases in market prices.
To illustrate just how dire the situation has gotten, a number of Filipinos have begun comparing the prices of goods in supermarkets abroad versus those at home. One post on Reddit, in particular, said that one can purchase more with PHP650 (US$13) in Singapore than in Manila and showed receipts — literally.
“You know your country’s screwed when Php650 can get you this in a first world country,” user u/freesink wrote next to a photo of a grocery haul that included a carton of eggs, bananas, carrots, cucumbers, cabbage, a bag of calamansi, onions, and a loaf of bread.

Meanwhile, to compare, a kilo of cabbage and carrots each cost PHP100 (US$2) and PHP120 (US$2.4), respectively, according to the Department of Agriculture.
The user went on to directly compare prices between Singapore’s FairPrice supermarket and the local SM Supermarket: 700 grams of red onion cost SGD1.25 (PHP51.79 or US$0.91) in Singapore, while in the Philippines it could cost PHP168 (US$3.36).
500 grams of carrots in Singapore cost SGD0.95 (PHP39.36 or US$0.69), while locally, it would set you back at PHP62.5 (US$1.25).
This clearly shocked a lot of Filipinos online.
“Holy shit! The prices in the Philippines are more expensive, but the base salary is incredibly low compared to Singapore,” one said.
“Funny how fresh produce seem to be more expensive here where they can be grown locally than in SG where they are probably imported,” another said.
“First world prices with a third world income,” a user lamented.
As shocking as this may seem, this is not the first time someone has pointed out the egregious cost of living in Manila. Academic Renee Karunungan Edwards also went viral in October as she compared prices between United Kingdom-based grocery retailer Aldi and SM Supermarket amid reports of extremely high onion prices, stating that a kilo of onion in the UK was at GBP0.50 or PHP32.76, while in Manila it was being sold for PHP136.
 

Rogue Trader

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Must give PAP credit when it's due. Chan chun sing did a good job ensuring sinkapore's food security early. It else our food prices would have increased more
 

Boliao

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Must give PAP credit when it's due. Chan chun sing did a good job ensuring sinkapore's food security early. It else our food prices would have increased more

Nothing to do with CCS. It was MAS keeping exchange rate in tandem with US that kept inflation in Singapore down. 1 SGD now = 5.18 RMB when it was 4.63 RMB before US interest rates increase. We spent billions and burnt through our reserves doing this. Hence you see PAP allowing property prices to sky high, COE, GST etc with a vengeance to collect all these back in taxes..
 

Rogue Trader

Alfrescian (Inf)
Asset
Nothing to do with CCS. It was MAS keeping exchange rate in tandem with US that kept inflation in Singapore down. 1 SGD now = 5.18 RMB when it was 4.63 RMB before US interest rates increase. We spent billions and burnt through our reserves doing this. Hence you see PAP allowing property prices to sky high, COE, GST etc with a vengeance to collect all these back in taxes..
The MAS measures were one of the actions taken. If the food supplies weren't secured early, we could have ended up with no food even though we have money.

And sure.. the sgd currency manipulation resulted in hot money flooding in .. the next generation of sinkies have to find a way to afford 1M BTO flats liao.
 
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