This year’s National Day Rally speech paid special attention to workers. It’s important to understand why.
The National Day Rally is typically seen as the most important political speech of the year – with the Prime Minister charting Singapore’s future direction and announcing policy changes. This year’s speech opened with COVID-19 as the backdrop that has changed the world as we once knew it. While PM Lee spoke about preserving our […]
Workfare Income Supplement or WIS costs the government $850 million a year and benefits almost half a million workers. It was introduced in 2007 to boost income and retirement savings. As PM Lee said, WIS is effectively a negative income tax with the government topping up incomes rather than taxing the incomes. In two years’ […]
During the recent National Day Rally (NDR) announcement, Prime Minister Lee Hsien Loong announced that companies MUST pay a Local Qualifying Salary (LQS) of $1400 to ALL its local employees if they wish to hire foreign employees. Many Singaporeans are confused by this announcement and what the LQS is, mistakenly thinking that PAP has finally […]