$8B set aside for Pioneer Generation Package
DPM and Finance Minister Tharman Giving details of the Pioneer Generation Package during his Budget statement today (21 Feb), Finance Minister Tharman Shanmugaratnam said all those eligible will receive the special benefits for life, regardless of income and wealth. The Pioneer Generation Package which was announced by PM Lee...
PA: Funds in GROs belong to them
Yesterday (20 Feb), TRE published breaking news of auditors of People's Association (PA) giving "adverse" ratings to its financial reports the past number of years ('BREAKING: Auditors give adverse ratings to PA’s financial reports'). The auditors said that they had submitted an "adverse opinion" each time because the grassroots...
Employer’s CPF contribution to go up 1% from 2015
DPM and Finance Minister Tharman DPM and Finance Minister Tharman Shanmugaratnam announced in Parliament today (21 Feb) that the employer's CPF contribution rate will increase by 1% for all workers. This will take effect in January 2015. The 1% increase will be channeled to employees' Medisave Account to cope with expected increases...
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