Why massive forex losses at GIC will further delay CPF payout
In order for CPF members to withdraw our retirement savings, GIC would first have to divest some assets and convert the amount to local currency. Unfortunately for CPF members, the Singapore dollar has appreciated against most currencies over the past 1 to 2 decades. And 100% of CPF is invested in overseas assets. Forex...
Medical charges for foreign workers
At present, foreign workers have to pay the full medical charges and do not enjoy any subsidy. In some cases, they are treated in A class wards. I find this situation to be quite ridiculous. I am in favor of giving subsidized health care for foreign maids and workers. Here are my reasons. a) The cost of the health care has to...
Black Friday for equities
Juz that no-one noticed it. LOL The Dow Jones Transportation Average — one of Wall Street’s favourite barometers of economic activity — has fallen for a record 11 consecutive sessions. Many investors, self included, regard its performance as a predictor of growth because it’s made up of of railroad operators, shipping...
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