What is happening to our CPF savings?
Boiling Mad Frog Roy Ngerng got into trouble with Hsien Loong over the issue of CPF savings. Though the pertinent point in his trespass was about an allegation of corruption, the origin came from the heated arguments on why the Govt is adamant to hold back the people’s saving for an ever and ever longer period. There is a...
Minister Tan: The truth about our CPF and Minimum Sum
Minister for Manpower Tan Chuan-Jin PART I – Our CPF System “CPF is my money. Why can’t I use it as I please?” “The CPF is a scam. It is how the Government cheats you of your money.” “Government is raising the Minimum Sum to keep you from taking your money.” We have been hearing some of this online. In many dialogues...
Foreigners hit 50.5% of total workforce?
Jobless rate inches up amid tight labour market” (Straits Times, May 1). Singaporeans’ unemployment increases to 3% Click to expandIt states that “The unemployment rate for Singapore citizens was 3 per cent last quarter, up from 2.8 per cent, while that for residents – that is, Singapore citizens and permanent residents...
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