CPF contributions will soon be made mandatory for platform workers. NTUC calls for support during this transition.
TL:DR – Mandatory CPF contribution for platform workers from the part of both platform workers and platform companies are to kick in from the later part of 2024, at the earliest. NTUC will be rendering support during this transition. In his National Day Rally speech, Prime Minister Lee Hsien Loong acknowledged the lack of basic […]
In the wake of the collapse of FTX, here are some misconceptions
The FTX Exchange (“FTX”) was a centralized cryptocurrency exchange with derivatives and leveraged products. FTX was founded in 2018 by Sam Bankman-Fried, an MIT graduate and former Jane Street Capital international exchange-traded funds trader. Due to its collapse, many misconceptions have arisen, so the Monetary Authority of Singapore (“MAS”) released a statement on November 21 […]
Many governments spend first, then look for funding. The PAP Government has a different approach.
In many countries, governments spend first and then look for money to fund the spending. The result is a huge debt burden for future generations when governments make big promises to get elected and then borrow to fund their promises. The Singapore PAP Government’s approach to spending is different. The Government set aside money for […]
Land reclamation costs for coastal protection can be met from Past Reserves: Lawrence Wong
Climate adaptation is a long-term endeavour by the PAP Government to ensure that Singapore remains resilient to rising sea levels and climate change. We need to keep our shores and people safe. Mean sea level around Singapore is projected to rise by up to 1m by 2100 (source). Singapore is especially vulnerable to sea level […]
Spotlight on AHTC saga: in good faith and in bad faith
In the beginning, Singaporeans did not know that FMSS was owned by close affiliates of Workers’ Party (WP).Only WP and the Ministry of National Development (MND) knew these facts.But MND left them alone because, as then National Development Minister Khaw Boon Wan said, they allowed some latitude with regard to party affiliation because TCs are […]
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 […]
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 […]
Has the PAP’s success produced a people who is difficult to govern and satisfy?
Many cities in the world – including cities larger than Singapore – are part of a much larger country. Singapore is not just a city, it is also a country. It is a city-state with little land and no natural resources. This is why the challenges that we face are much bigger and not to be […]
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 […]
WP MPs acted in bad faith, face damages after Court of Appeal found “gross negligence” in AHTC’s payment process.
Workers’ Party leaders involved in the Aljunied-Hougang Town Council (“AHTC”) civil suit face damages involving $23 million after the Court of Appeal found gross negligence in the town council’s payment process. While the five-judge panel said that the WP MPs acted in good faith when they appointed FMSS as the Managing Agent, they maintained that […]