CPF members to receive 2.5% interest again
DPM Tharman: CPF interest rates have provided reasonable returns, on top of inflation. The Central Provident Fund (CPF) Board said yesterday (21 May) that its members will continue to enjoy a "risk-free" interest rate of 2.5% on the sum in their Ordinary Account (OA) for the third quarter (1 Jul - 30 Sep) of this year. The computed...
Govt adopts WP’s call to nationalise public bus industry
The Land Transport Authority (LTA) announced yesterday (21 May) that the public bus industry will be restructured along the lines of a “government contracting model” from the second half of this year. This new industry model will supposedly enable the government to make public bus services more responsive to changes in ridership...
PM tells Nikkei reporter his strategy to win next GE
PM Lee In an interview with Japan's Nikkei media group last Wednesday (14 May), a reporter asked PM Lee about PAP's strategy to win the next general election. Mr Lee replied that the election might not happen for "another 2.5 years". Constitutionally, the next election must be called by January 2017. He told the reporter that...
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