$1 Grab fee hike…Is it a boon or a bane for drivers?
After news of Phase 2 (Heightened Alert) broke, it is almost as if we could hear an audible sigh from our taxi and private-car hire drivers. Many of them must have thoughts of “not again” going through their minds after the announcement was made. Shortly after the news was announced, various initiatives were announced to […]
Almost $17 billion in interest credited to members’ CPF accounts in 2020
Last year, a total of $16.9 billion in interest earned was credited to members’ CPF accounts. The upward trend to voluntarily top-up CPF accounts continues Since people discovered that CPF is a great way to build up their retirement funds through its attractive interest rates, there has been nan upward trend to top-up CPF accounts. […]
$500 million Enhanced CPF Housing Grant disbursed to 15,600 first-time buyers
With the Enhanced CPF Housing Grant, Family Grant and Proximity Housing Grant, who says housing is unaffordable? The Enhanced Housing Grant was introduced in September 2019. Since then 15,600 first-time buyers of new and resale flats have received the Enhanced Housing Grant (EHG), with close to $500 million disbursed, National Development Minister Desmond Lee said. […]
Grow your CPF with Matched Retirement Savings Scheme; 440,000 members qualify
Matched Retirement Savings Scheme (MRSS) Good news! The Government has introduced the Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans who have yet to meet the Basic Retirement Sum (BRS) save more for retirement. Here’s how it works. For five years, from 2021 to 2025, the Government will match dollar-for-dollar cash top-ups made to […]
HSR project terminated; Malaysia to compensate Singapore
The HSR (High-Speed Rail) project between Singapore and Kuala Lumpur has been terminated after both sides failed to reach an agreement on the changes proposed by Malaysia. Singapore and Malaysia signed the Kuala Lumpur – Singapore High-Speed Rail Bilateral Agreement (BA) in 2016. Construction of the HSR Project was subsequently suspended, from September 2018 to […]
Award-winning Punggol 21: a promise delivered brick by brick, step by step
Stroll along Punggol estate and you will come across My Waterway@Punggol – a waterway created for a more refreshing living environment for HDB residents. The 4.2km-long Punggol Waterway is now one of the most recognisable landmarks in Punggol. A joint project between HDB and NParks, the waterway acts as a major air corridor and encourages […]
Generous driver relief fund of $600 a month for taxi and PHV drivers next year
When the going gets tough, the tough gets going – with a little help from a relief fund. Private hire vehicle drivers, and taxi drivers like Mr Ho Seng Huat who continue to be financially impacted by the pandemic can look forward to a more generous relief fund next year, LTA said in a news […]
Disappointment as Travel Bubble between Singapore and Hong Kong is deferred one day before launch
Travellers looking forward to their flights are deeply disappointed. The much-awaited Air Travel Bubble between Singapore and Hong Kong, due to be launched tomorrow, is now deferred for 2 weeks. This is due to a spike in COVID-19 cases in Hong Kong. This shows just how fluid the situation can be with COVID-19. Things don’t […]
From one aviation hub to another: welcome Hong Kong!
Transport Minister Ong Ye Kung was happy to announce the launch of a reciprocal Air Travel Bubble with Hong Kong. The first flights will depart on 22 November with 200 ‘bubble travellers’ both ways. This Air Travel Bubble is the first of its kinds for a number of reasons. Between 2 Aviation Hubs It is […]
Ong Ye Kung on steps to climb out of deep abyss in landmark speech in Parliament
As the COVID-19 virus spread around the world earlier this year, many countries closed their borders to stave off a viral invasion from an as-yet-unknown and dangerous virus. Singapore did the same on 24 March 2020. COVID-19 has decimated air travel and set us back by more than 40 years. It has also affected many […]