Making Singapore a place with opportunities for Singaporeans at every stage of life
According to the Singapore Public Sector Outcomes Review (SPOR) published by the Ministry of Finance, Singapore has made strides in key areas of national interest, namely: • Singapore is a place with opportunities for Singaporeans at every stage of life• Singapore is a well-connected city with quality living environment• Singapore continues to safeguard our peace […]
Tuas Port is multi-generational project that aims to be port of the future when fully completed in 2040s
With an average of 120,000 vessel calls, from tankers and bulk carriers, to container vessels and ferries – adding up to a combined tonnage of over 3 billion gross tonnes annually, the Port of Singapore is the busiest transshipment container port in the world, accounting for one seventh of global transhipment volumes. The Port is […]
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 […]
Singapore is the only non-oil producing country to benefit from our reserves for our annual budget
The most unique thing about Singapore’s finances is that we get a significant amount of money each year from our reserves, that can be spent for the good of Singaporeans, President Tharman said in a Facebook post (8 Jan 2024) This is an outstanding fact, he said. It is outstanding because we are the only country […]
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 […]
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 […]
Let’s not be greedy for more, and kill the golden geese that help keep our tax burden lower than most countries: Ho Ching
In a Facebook post, Mdm Ho Ching explains how the NIRC has helped to keep our tax burden lower than most countries. “Let’s not be greedy for more, and kill the golden geese that help us keep our tax burden lower than most countries, other than those who can benefit from oil reserves or other […]
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 […]
WP Jamus Lim thinks today’s needs are bigger than tomorrow’s challenges
In Parliament, the Workers’ Party (WP) had argued for more of the NIRC to be used as government revenue for spending. They had called for 60% to 70% of NIRC to be used. In an exchange with a netizen named Richard Weng, WP Jamus Lim said that it was about striking an appropriate balance between […]