Unemployment edges up in Q2 2016
According to official data released by MOM on Thursday (15 Sep), the unemployment rate in Singapore rose to 2.1% in June this year. This compares with 1.9% in March. Citizen unemployment stood at 3.1% in June, up from 2.6% in March. For residents, the rate rose from 2.7% to 3.0% over the same period. In the second quarter of...
Tharman: CPF Investment Scheme to be reviewed
At the Economic Society of Singapore’s dinner on Tuesday (13 Sep), Deputy Prime Minister Tharman Shanmugaratnam said that a review will be done on the CPF Investment Scheme (CPFIS). He was referring to a recommendation by a CPF advisory panel last month, which proposed a “Lifetime Retirement Investment Scheme” (LRIS)...
Chen Show Mao resigns as Workers Party’s treasurer
Member of Parliament (MP) for Aljunied GRC, Mr Chen Show Mao of the Workers Party (WP) has resigned as the Treasurer of the party. Source: WP website Mr Chen made the announcement during the Central Executive Council meeting held on Tuesday (6th Sept). The current treasurer, Non-Constituency MP Dennis Tan will take over as the...
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