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Archive for the ‘Economy’ Category
CPF Minimum sum and why you will never get all of it

CPF Minimum sum and why you will never get all of it

The announcement by CPF board on the raising of the CPF minimum sum to $131,000 and Medisave Minimum sum to $36,000 has taken many Singaporeans by surprise. There seem to be a lot of confusion and misunderstanding about the recent changes made to the CPF scheme. A brief history of the CPF minimum sum: 1. Before 2008, Singaporeans... 

How long will the Ponzi Scheme last?

How long will the Ponzi Scheme last?

Many have commented that the public housing scheme is another Ponzi Scheme or something similar in nature. In all sense, it will die a naturally death by the time the lease expires in 99 years, all 900,000 of them. On that day, all will be worthless. There seems to be a way out though, to extend the game, by SERS, whereby the... 

Solving the Housing Problem ?

Solving the Housing Problem ?

If Mah Bow Tan knew it was so easy to solve the housing problems, he would have preached the same message Khaw Boon Wan delivered to avoid the ignominious spectacle of being booted out by the electorate. Build 25,000 instead of 22,000 new HDB flats, provide 45,000 rental flats for those who can't afford to pay the outlandish... 



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