Lessons We Can Learn From North Korea
During 60s and 70s, North Korea did have high living standard, but as 80s went on and USSR started crumbling, so did North Korea. When USSR’s aid dropped drastically, with reduced fertilizers, spare parts and most importantly, energy and funds, North Korea’s economy fumbled into a downward spiral, leading to the famine...
Newly appointed minister clueless about milk powder issue
Our newly promoted PAP minister Josephine Teo wrote on her Facebook regarding the high milk powder issue, "For my own journey, I concluded that milk is milk, however fancy the marketing. As long as AVA approves its import, the milk is good enough. I had no reason to pay more and would buy whatever was cheapest or on sale." Again,...
Increase in CPF and Medisave Minimum Sums to $198,500 may far exceed mandate given for such raise
Minimum Sum increased to $155,000 The CPF Board and Manpower Ministry (MOM) said in a joint statement on May 4 that the CPF Minimum Sum will be raised to $155,000 for Singaporeans who turn 55 between July 1 this year and June 30 next year, up from $148,000. The Government agencies reasoned that the increase was needed to maintain...
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