What is 'Bitcoin'. Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies. There are no physical Bitcoins, only balances associated with public and private keys.
The Minister of Finance predict that the budget deficit would be cut to 3.9% in 2015/2016 and 2.5% in 2016/2017. Despite steady economic growth, the average South Africanâs disposable income is declining as consumersâ battle higher high debt levels and increases to administered prices.
SINGAPORE: Salaries in the Republicâs are set for an overall increase of 4.5 per cent, same as 2014, according to the 2015 Asia Pacific Salary Budget Planning Report.The bi-annual survey compiled by Towers Watsonâs Data Services Practice also revealed that in real terms, salaries in Singapore will rise 4.4 per cent.The salary increase budget for 2016 is expected to increase 4.5 per cent, according to the survey.âThe Singapore Government has been sticking to a tight monetary policy to keep the lid on inflation.he salary increase budget for 2016 is expected to increase 4.5 per cent, according to the survey. âThe Singapore Government has been sticking to a tight monetary policy to keep the lid on inflation.