CPF is not just broken but quite possibly broke
The hot topic of the day is Central Provident Fund (CPF). When the CPF was first started in 1955, both employees and employers had to contribute 5%. Over the years, the rate was gradually increased until it reached 25% in 1985 for both parties. Surely one of the highest compulsory savings rates ever - 50 cents in the kitty for...
The folly of youth
The more the establishment tries to come out in support of the atrocious Young PAP (YP) video, the worse it gets. The first lame line of defence deployed was that it was meant for "internal consumption". Then writer Tham ("Young PAP video: Good message, bad delivery", ST May 17) let the cat out of the bag, leaking that it was...
Tightening FT immigration helps Singaporean PMEs
Al least for finance and accounting professionals. Salaries for finance and accounting professionals in Singapore are expected to rise, with the tight labour market likely to force companies to increase wages to attract and retain employees, said recruitment firm Robert Half on Thursday in a press release. 55 per cent of companies...
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