The genesis of GIC is part of the larger narrative of how Singapore manages its reserves to benefit Singaporeans

Without substantial, well-managed reserves, our situation, whether in crisis or in peace time – would be in much more difficult.

In a crisis, our reserves are the bulwark that see us through safely. In peace time, contributions from our reserves towards the annual Budget gives the government the additional fiscal space to spend on priority areas such as education, healthcare and infrastructure.

Read More
Amos Yee and the hypocrisy of the west

The west took offence at us taking offence at Amos Yee. But when Amos Yee exercised the same free speech in the US and was banned on social media, there was no international outcry over the censorship.

It’s hard to be Singapore. The West gets to decide on what free speech is acceptable, and what is offensive. If we don't toe the line, we end up being accused of breaching human rights.

Read More
The Workers' Party's home-renting suggestion will bring Singapore back to more than 50 years ago

Workers' Party's suggestion to make rental housing mainstream will bring us back to a time more than 50 years ago when all HDB flats were rental flats. This was before 1964. Is this what we want?

After 1965, homeownership became an urgent priority for political stability. The Government had foreseen the social problems that could be posed by rising inequality given Singapore’s economic growth strategy and saw in home ownership a way to maintain social stability and promote social mobility. 

Many of us can remember the time when our parents were very excited to receive the keys to their new flats. Singaporeans want to own their flats. It's the reason why single, unwed parents welcome being able to buy a flat from HDB. It's also the reason why after many years of advocate, the rules were finally relaxed to allow singles to buy a flat from HDB when they reach age 35. 

Read More
Security officers are vital partners of the Home Team

With higher wages and the industry transformation and digitalisation, a job in security is no longer seen as the last option when no other jobs are available.

Security officers are vital partners of the Home Team. They protect the many places where we live and work. During this pandemic, security officers have stepped up to help support various operations including enforcing safe management measures. Their dedication and professionalism are to be appreciated. Ultimately, transforming the industry and raising the wages of security officers require a whole-of-society effort. We must be prepared to pay more for better services.

Read More
US-China relations: we do not take sides as default, we take principled positions in our own national interests, says Chan Chun Sing

Speaking at the 41st IISS-Asia Fullerton Lecture, Mr Chan said that sustained peace and progress are not beyond us if the US and China can arrive at a new modus vivendi that will set boundaries for competition and define areas of cooperation amidst competition, for the sake of the world and for themselves.

"But even if the US and China do not reach such a modus vivendi, the rest of the world should recognise their responsibilities and agency to play a constructive role in shaping our collective future," Mr Chan added.

Read More
Ng Chee Meng

On the welfare front, after a Bill passed in Parliament on 5 October introduced new offences and tougher penalties for those who harass, assault or hurt officers carrying out their duties, security officers are also set to receive more protection. The Labour Movement has lobbied for these changes through industry consultations and through our Labour Members of Parliament. Good work in looking out for the welfare of our security officers!

Read More
Unvaccinated to pay for treatment. Median bill for hospital stay including ICU is around $25,000 before subsidies.

Another push to get those eligible but yet to be vaccinated, to vaccinate. If you still refuse to be vaccinated, you will soon have to foot your medical bill if you are unfortunately infected with the coronavirus. The median bill is around $25,000 including ICU care. With subsidies and Medishield Life coverage, the amount will come down to around $2000 - $4000.

The actual amount will vary from patient to patient as it depends on the severity of the disease and the treatment rendered.

Read More
Singapore's death penalty for drug traffickers. Fair or unjust?

Singapore's harsh laws against drug trafficking are well known, not little known If a person is prepared to take the risk for the money despite the harsh consequences, then he must be prepared to face the consequences when he is caught.

“In Singapore before you land, the hostess or the steward will announce that there are very heavy penalties if you are found but more than a stated number of grams of certain prohibited drugs. And if you still come in with a few kilos of them, which will destroy hundreds, thousands of families, one death is too kind. Because you are killing that family every day for years and years and years that a daughter or a son is an addict.” - Lee Kuan Yew

Read More
Homeownership is not superior to home renting: WP MP Louis Chua

Mainstreaming public rental housing will be a significant departure from our public housing policy and should not be something we embark on without deep consideration, says Sim Ann in response. Not only will it reshape our social norms, it will also weaken our communities because, unlike home ownership where people sink their roots, but rentals are also more transitory.

We should not compare ourselves to countries with a preference for renting without taking into account their cultural context and different social circumstances. Many ended up renting for life, even after retirement. Homeownership gives us stability, security and a sense of belonging. It is also an assured roof over our heads without worrying about paying rent after retirement.

Read More