Using Cash Waqf to Combat Donor Fatigue and Blockchain to Improve Accountability

Donating to a multitude of charitable causes can get tiresome after a while. For working-class people who are financially burdened with their own daily needs and monthly expenses, there is also a limited amount that may be set aside, and the constant giving could weigh them down.

Additionally, a great deal of money is donated to fund charitable causes, but it is hard to observe how efficient or effective these efforts are, or whether they reach the intended beneficiaries, in some cases.

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Woes of the Middle Class

Inflation has been a growing concern for many over recent months. The rising prices of goods across many sectors will no doubt incite waves of anxieties and worries in every individual. While inflation does not discriminate, it disproportionately affects every stratum in society. Not everyone copes similarly to adapt to their rising expenses. This article aims to provide an overview of the realities of the middle-class facing inflation and how they would fare in surviving an inflationary crisis. It also seeks to understand how far inflation has affected them and whether the government should do more to help them through these challenging times.

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Mitigating the Impact of Rising Inflation Rates in Singapore

The recovery phase from the COVID-19 pandemic has been slowed by several external shocks to the world’s global value and supply chain. Already one of the most expensive cities to live in, Singapore’s headline consumer price index or overall inflation reached 5.4 percent year on year in April 2022[1]. The core inflation (excludes accommodation and transport) also accelerated to 3.3 percent, the highest in a decade when core inflation reached 3.5 percent in 2012.

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Key Developments and the Rise of NFTs in Singapore

The wider view of the rise of non-fungible tokens, or NFTs, is the decentralisation of financial services. With the application of the blockchain and its integration with artificial intelligence (AI) and IoT devices[1] (e.g. NFCs and RFIDs), finance has become more efficient and accessible. There are several key drivers that are making decentralised finance work _ tokenisation of real-world assets, maturity of stable coins and the improved implementation or acceptance of some regulations and standardisation.

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SG Budget 2022: A Fairer and More Resilient Society

The national Budget speech is an annual  address crammed with numbers and  financial jargon that can be confusing,  making it difficult to be excited about; of  course, with the exception of the  announcement on cash payouts. However,  regardless of its appeal, the Budget affects  us and our finances. Thus, we need to  make sense of it as it is our right and duty  as taxpayers, voters, and citizens to know  how our money is being spent.

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