445,536 lower-income workers’ incomes decline more than 50%
"Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report" (ST, Aug 18) - "More than a quarter of these workers have seen their incomes decline in recent months. Among them, more than half (56%) saw their incomes plunge by more than 30%" As there are 551,800 resident (S'porean &...
Unity, Resilience and Solidarity Budgets
My friend said. Mr, Tan, I received this letter from finance minister Heng. "As part of the Unity, Resilience and Solidarity Budgets, the Government has provided a $4.6 billion Care and Support Package and another $1.1 billion for a Solidarity Payment. These will give more assurance and support to Singaporeans and their families...
The strange case of the missing $18b in ‘Contingencies Funds’
In this article in May, I pointed out that $18bn was in “Contingencies Funds” in the then latest “Fortitude Budget”. So when I first heard about the latest $8bn in corporate welfare (OK, OK there’s trickle down to the plebs), I tot “Only $5bn left leh”. But then I learnt Fresh S$8b Covid-19 measures funded in...
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