Govt estimates $1.3B surplus, economists estimate $4-5B surplus
The PAP government estimated last year that its budget surplus will be $1.27 billion for the current financial year which ends on 31 March 2013. The budget surplus is calculated by deducting expenditures, top-ups to endowment funds and special transfers, from government operating revenues and investment returns. However, media...
PA Chief stepping down to move to ‘private’ sector
Yam Ah Mee People's Association (PA) CEO Yam Ah Mee is stepping down. He is retiring from public service to join the "private" sector. In fact, he will be joining a private company, Sembcorp Design and Construction Pte Ltd (SDC), as its managing director on April 16, replacing Mr Lim Kah Hing who is retiring. SDC is a Design-and-Build...
OralGate: Former CNB chief acquitted of corruption
Ng Boon Gay (Photo CNA). Former Central Narcotics Bureau (CNB) chief Ng Boon Gay was acquitted of corruption by District Judge (DJ) Siva Shanmugam today (14 Feb). The judge also found the credibility of Ms Cecilia Sue, prosecution's star witness, to be successfully impeached. DJ Siva said that Ng had successfully rebutted the...
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