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Net investment return contribution (NIRC)

Net investment return contribution (NIRC)

1. The Net Investment Return Contribution (NIRC) in Singapore is a portion of the investment returns from the country's reserves that the government uses to fund its annual budget. It was introduced in 2009 and is calculated as a percentage of the net investment returns of the Singapore government's past reserves. Under the... 

Busily Unproductive

Busily Unproductive

I make no secret that I detest working in the office and regard white collar work as a form of masturbation where people get a high on being in a cubicle because they happened to have had the good fortune of spending three years in a cocoon so that someone who has done nothing useful would be able to issue them a certificate... 

Give chicken bone, take back chicken

Give chicken bone, take back chicken

Say help you with cost of living, but so many actions are inflationary? What's the point of giving you a few dollars here and there, but so many policies and actions are inflationary, which may further fuel the rise in the cost of living? 1) GST hike 2) Property tax increase (twice) 3) CPF contribution ceiling increase 4) ERP... 



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