Impact of Ukraine war will add to cost of living pressures in Singapore: Panel

SINGAPORE (The Straits Times/Asia News Network): Despite Singapore's limited direct links with Russia and Ukraine, the conflict between the two countries could impact the global economy and, in turn, contribute to cost of living pressures, said panellists at a post-Budget 2022 roundtable organised by The Straits Times and The Business Times on Monday (March 14).

With uncertainty over how the three-week-long invasion by Moscow of its neighbour might pan out, questions remain over the degree of inflation to expect, they added, with one expert warning of "nefarious activities" by companies taking advantage of the global situation to engage in price gouging.