
20th percentile real income up 1.8% p.a. last 5 years?
I refer to the article “Redundancies rise amid economic slowdown; unemployment remains low: latest MOM stats” (Straits Times, Mar 15). Real incomes up? It states that “With workers in high demand due to the tight labour market, full-time employed Singaporeans saw their real median income, including employer CPF contributions,...

An open letter to Bukit Batok residents
Singapore desperately need change – it is now like a rotting gangrene of an economy admitted to have been maxed out three years too late in 2015 even as an obscure American financial writer in New York highlighted this fact back in 2012. Opposition supporters who had their hopes on the WP’s historic 2011 win of a GRC were...

How CPF members were shortchanged from 1989 to 1997
CPF members have been shortchanged big time with the help of our jiak liow bee PAP MPs who were mostly acting dumb in Parliament. Based on MAS data from 1989 to 1997 (table below, pg 119), CPF OA interest rates fell below the 12-month FD rate in 9 out of 10 years. It was even lower than the 3-month FD rate in 5 out of 10 years! *...
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