Daily Briefing: Singapore's income growth surpasses other countries; Understanding Singapore’s GDP situation

And here’s the deal on Singapore’s lack of opposition candidates.

Singapore’s median income growth outpaced the increase in the cost of living within the five years to 2014 an unusual feat that can be sustained if the city-state continues its restructuring efforts, said Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam. Read more here.

Recently, the issue of Gross Domestic Product (GDP) has resurfaced up quite a fair bit during the election campaigning. It can get frustrating, especially if you hang out with certain friends who have studied economics or finance, and having them talk about it on every occasion possible (no, we are not talking about ourselves). Read more here.

The time is not now. That’s the message of Sylvia Lim, chairwoman of Singapore’s main opposition party ahead of the Sept. 11 general election. Lim’s Workers’ Party is the only one of the nine opposition groups fielding candidates that won any seats in the previous election. Find out more here.