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 […]
Loh Pei Ying and Yudhisthra Nathan resign, call on good people in WP to keep welfare of Singaporeans at centre
Two long-time members of Workers’ Party (WP) have resigned yesterday (9 Nov 2022). Yudhisthra Nathan and Loh Pei Ying had both appeared before the Committee of Privileges (COP) during the hearing on former WP MP Raeesah Khan’s lies in Parliament. Loh was Raeesah’s secretarial assistant while Yudhisthra also assisted Raeesah. Loh and Nathan had been […]
A close look at WP’s proposal to treat land sale proceeds as revenue for spending
The WP had proposed that land sale proceeds be treated as revenue for budget spending. They still do not recognise that land is a scarce asset in Singapore and protected as Past Reserves. In fact, the land is so scarce, Singapore had to reclaim land to build housing estates (Read here). One-quarter of Singapore is […]
Can I still afford it if my healthcare bill runs to a few hundred thousand dollars?
No matter if they are admitted to B2 or C class wards in public hospitals, patients will be eligible for up to 80% in subsidies. You can afford it with generous government grants, insurance, and MediSave. This is not a meaningless statement. Many people have testified to it. Case 1 A prematurely born baby spent […]
Law Society President Adrian Tan puts the nails on Branson’s reasons for not debating with Shanmugam
And so it was that Richard Branson chickened out and declined an invitation by MHA for a televised debate with Minister Shanmugam on the death penalty in Singapore. This led Law Society President Adrian Tan to ask him in a LinkedIn post: Were you just teasing us? Were you never really serious about this issue? […]
Singapore’s political contestation will continue, likely to intensify
Deputy Prime Minister Lawrence Wong spoke at the annual public service leadership ceremony on November 1, 2022. In his opening speech, he highlighted that the Public Service played a pivotal role in keeping Singaporeans safe during the Covid-19 pandemic, from keeping borders, checkpoints, hospitals, and vaccination centers running smoothly to reaching out to households and businesses to […]
Can I still afford a HDB flat?
Someone said that young graduates used to aspire to a 5-rm flat but now they can only afford a 4-rm flat. And a poly grad used to aspire to a 4-rm flat but now, they can only afford a 3-rm flat. When I was a young graduate, I was realistic of my financial ability and […]
Should land for public housing in Singapore be priced at a nominal rate?
You’ve heard this before: that land for HDB flats should be priced lower, even at a nominal fee of $1 because it is land for public housing. After all, land assets, as part of the reserves, belong to the people. The problem with this line of reasoning is that public housing in Singapore has taken […]
All surpluses are given back to Singaporeans in different forms: Lawrence Wong
When WP Jamus Lim wrote in a Facebook post that ‘the government must not make money while citizens suffer’ he was just doing what an Opposition MP usually does, using emotive language to paint the government in a negative light even when it is not true. Thus he looks with glee upon the surpluses the […]