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 […]
If the Government does nothing, litigation could change societal norms very quickly, says Shanmugam
We should not assume that the Courts will never strike s 377A down just because the Government chooses to retain it, Law and Home Affairs Minister K Shanmugam said in Parliament. The CA has said that legal standards do still exist, and may be applied, to judge the legality or constitutionality of Section 377A. “Our […]
Not taking a party position so WP MPs can freely support all sides is ‘wanting to speak without taking responsibility’: Shanmugam
Mr Pritam Singh, as Leader of the Opposition, says the WP does not take a position on s377A, whether to repeal or not. As a Party, the WP has no official position. It does not want to be seen as supporting the repeal. At the same time, it also does not want to be seen […]
It is no surprise that Mr Ng Chee Meng is co-opted into the PAP CEC. Here is why.
Let’s talk about the elephant in the room. National Trades Union Congress Secretary-General (NTUC Sec-Gen) Ng Chee Meng is not a Minister of Parliament but is co-opted into the 37th People’s Association Party’s Central Elective Committee (PAP CEC) on Saturday, 26 November 2022. Is this possible? Yes, let me explain why. PAP and NTUC have a Symbiotic […]
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% […]
The 37th Central Executive Committee of the People’s Action Party has been appointed.
As part of plans for the transition of party leadership, the PAP Central Executive Committee (“CEC”) has appointed a new Deputy Secretary-General, as well as two Assistant Secretary-Generals. Lee Hsien Loong Secretary-General Lawrence Wong Deputy Secretary-General During the absence of the Secretary-General, the Deputy Secretary-General will assume the Secretary-General’s responsibilities. Mr Heng Swee […]
The importance of political stability and why it matters.
Pakatan Harapan (“HARAPAN”) is known as the Alliance of Hope for Malaysia. In 2015, the Pakatan Rakyat coalition was replaced by the political centre-left alliance HARAPAN, initially led by Dr Mahathir Mohamad (“Dr Mahathir”). HARAPAN’s victory in the Malaysian general election in 2018 overthrew the 60-year-old Barisan Nasional coalition government. Among the activists in Singapore […]
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 […]