Jamus says scam victims should not bear more than $500 in losses; banks and telcos to bear the rest
In Parliament, WP Jamus Lim suggests that scams victim should not have to bear more than S$100 to S$500 in losses, with banks and telcos bearing the rest of the costs instead. Jamus Lim describes the Monetary Authority of Singapore’s (MAS) loss-sharing framework for phishing scams as “fundamentally unfair”. Under this framework, financial institutions and […]
Expired vaccines are an insurance premium we paid to stave off catastrophic consequences: Ong Ye Kung
The Government knew early on during the COVID-19 pandemic that vaccines would provide us with a safe exit from the pandemic. Hence the mass vaccination strategy. However, without sufficient doses of vaccines, our mass vaccination strategy would have been a non-starter, as Health Minister Ong Ye Kung said in Parliament. COVID-19 was a new virus. […]
National Wages Council recommends a 5.5% to 7.5% wage increment for lower-wage workers in new guidelines
TL;DR: Lower-wage workers earning up to S$2,200 a month should receive salary increments of 5.5% to 7.5% for the period from Dec1, 2022 to Nov 30, 2023. Amid an uneven recovery for business in different sectors, the National Wages Council (NWC) remains steadfast in fairly and sustainably raising the wages of workers to foster Singapore’s social and […]
There is no escaping the GST hike starting next year. Here’s how you can cope with rising costs.
Goods & Services Tax (GST) will proceed to increase from the current 7% to the proposed 8% from 1 Jan 2023 and subsequently to 9% from 1 Jan 2024. With the rise in GST, the cost of living goes up and workers bear the brunt, especially those from the lower to the middle-income group. Thankfully, […]
Delivering on promises: Punggol Digital District turns from vision to reality
Look no further than Punggol Digital District (PDD) for the possibilities for Singapore as a smart nation. What the Singapore Government envisioned is turning to reality. In 2007 at the National Day rally, Prime Minister Lee Hsien Loong unveiled the plans for Punggol 21. 10 years later, the plans became reality. Three years ago, Prime […]
Making Singaporeans winners by enabling them to succeed: Tan See Leng
Jobs and skills for Singaporeans are at the front and centre of MOM’s and sector agencies’ plans, Manpower Minister Tan See Leng said. Everyone wants to be a winner and everyone can be a winner. Manpower Minister Dr Tan See Leng has the approach for it: helping businesses to transform and equipping Singaporeans with skills […]