Our CPF system needs more than just superificial changes
The recent recommendation to our CPF savings at age 55 does not carry much benefit to the saver except that now he can choose to invest in a higher-risked investment scheme not unlike that of the current CPFIS one. The Retirement Account (RA) now carries a fixed 4% interest rate till age 65 when he can start to withdraw a monthly...
Is the ownself-check-ownself system failing us now and are Singaporeans paying the price?
Singaporeans by now are getting used to faulty train lines, weekly murders and crowded malls. Nothing can shock us anymore and we somehow recover very fast after each adverse incident. Maybe our adversity quotient is very high, trained by the establishment to trust the very ones that we have put our faith in. Things have deteriorated...
AGO’s report on lapse in recovering university loans
The two universities, NUS and NTU granted several million dollars of loans to mainly Singapore students whose parents could not afford to pay for the cheap tuition fees that are already highly subsidized. In the AGO’s report where it did some sample tests, it discovered that the recovery of student loans in 23% of the cases...
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