Why massive forex losses at GIC will further delay CPF payout
In order for CPF members to withdraw our retirement savings, GIC would first have to divest some assets and convert the amount to local currency. Unfortunately for CPF members, the Singapore dollar has appreciated against most currencies over the past 1 to 2 decades. And 100% of CPF is invested in overseas assets. Forex...
Irresponsible to allow old people to use CPF savings to buy old flats
The liberalisation of CPF to enable elderly people to buy older flats that was recently announced in Parliament by Lawrence Wong. In my opinion, this is a most irresponsible and despicable policy. It is suicidal to say the least. To begin with, old people do not have many more economically productive years left in them. When...
Medical charges for foreign workers
At present, foreign workers have to pay the full medical charges and do not enjoy any subsidy. In some cases, they are treated in A class wards. I find this situation to be quite ridiculous. I am in favor of giving subsidized health care for foreign maids and workers. Here are my reasons. a) The cost of the health care has to...
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