Bridging income gap between ITE, Poly, and Uni grads requires all of us to play a part. Lawrence Wong
How can we ensure that the rewards of work are fairer and more equitable? While income has grown across different segments of the workforce, there remains a big gap between the salaries of university graduates and that of the poly or ITE graduates. While some difference is understandable, too wide a gap can lead to […]
Work is also about dignity and purpose. We need to strengthen support to help Singaporeans thrive at work: Lawrence Wong
We are living in a period of change, where technological advancements are disrupting industries everywhere. Those with the right skills will be able to seize the opportunities, and enjoy tremendous rewards. Those who are unable to adjust and adapt will face more challenges. The fear of being made obsolete is real for older, mid-career workers and this […]
We can remain successful if we understand that success is a team sport: Chan Chun Sing
Singapore can only remain successful if we continue to have generations of Singaporeans who understand that success is a team sport, said Education Minister Chan Chun Sing. Speaking at the Institute of Policy Studies Singapore Perspectives 2023, Mr Chan said everyone has the responsibility to pay it forward. “We are all here not just because […]
The home ownership programme is the success story of Singapore, shared by all Singaporeans: Lee Kuan Yew
The site where the Pinnacle@Duxton stands was where HDB built the first rental blocks in Tanjong Pagar in 1963. At the key handover ceremony for the Pinnacle@Duxton on 13 December 2009, Mr Lee Kuan Yew said the transformation of Singapore’s landscape has been breath-taking. As Mr Lee recounted, in the 1960s, most Singaporeans lived in over-crowded shop […]
Leong Mun Wai’s suggestion to remove land costs will leave homeowners bleeding
In a Facebook post, Leong Mun Wai concedes that BTOs are indeed subsidised. He also agrees that the pricing of BTOs should take into account locational factors. He wants prices to be lowered further, and to achieve this, he wants land costs to be disregarded. However, one cannot factor in locational factors while ignoring land […]
Is your BTO less affordable today? Let’s dive into the math for the answer.
If we compare the prices of HDB flats today with the prices of HDB flats built 20 or 30 years ago, of course prices have gone up. But so has income. The rise in the prices of HDB flats are in line with income growth. The question is: is the BTO less affordable today? Let’s dive […]
Good news! Interest rates might have gone up but HDB concessionary rate for home loans remains unchanged
Have you heard of the CPF floor interest rates? Floor rates are the legislated minimum interest rates guaranteed to our CPF monies. It ensures that interest earned by our money in our CPF accounts does not go below the floor rates. The floor rate for savings in the Ordinary Account is 2.5%. And for savings […]
What Singaporeans say about GST and WP’s proposal to use more NIRC for today
Taxation is an intrinsic part of nationhood. It is unpleasant for the government. It is also unpleasant for the ones being taxed. But, it is an inevitable necessity. The Workers’ Party has called for more to be used from the NIRC (Net Investment Returns Contribution) instead of a GST hike – as much as 60% […]
PSP wants 100% of NIRC, WP 60%, or even 70%. What if our forefathers had wanted more NIRC?
It is said that without a vision, the people perish. Visionary leaders take care of the present with their eyes on the future as well so that the people can be future-ready. Singapore introduced the NIR framework back in 2008. The framework allows the Government to treat 50% of net investment returns as government revenue […]
The Assurance Package will delay the GST hike for majority of households by 5 years
The bulk of the GST burden is borne by tourists and foreigners living in Singapore, as well as the top 20% of resident households, Senior Minister of State for Finance, Mr Chee Hong Tat said in Parliament. Around $5.7 billion were collected in NET GST annually in 2018 and 2019. This is after netting off […]