SDP’s Response to Budget 2016
National budgets address the immediate and needs of societies and their peoples. They also have to look into the future and allocate funds for longer-term development. On these counts, Finance Minister Heng Swee Keat's Budget 2016 does not quite do the job. There are three major concerns that Singaporeans face. The first is...
Singapore cannot pretend to be successful when so many have been left behind!
Today, as we mull over our Singaporean identity and the rights and responsibilities attached to it, the words of a ST editor, written in 1996, are worth quoting at length: "… if we agree with the Prime Minister that Singapore is not just a marketplace but also Our Home and Extended Family, then being a born-in-Singapore Singaporean...
Singaporeans cannot retire because of the low CPF rate!
(This post is on the CPF. It contains sarcasm. Read at your own risk.) Just realised that the returns on many pension funds in the world fell last year. But even then, they fell to 4% or 5%. Still, some of the returns remained high. For example, India's EPF earned 8.75% while Malaysia's EPF earned 6.4%. Some pension fund...
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