PM asks CPF members not to withdraw funds at 55
PM Lee On a 1-hour radio programme in Mediacorp Chinese station Capital 95.8FM last night (1 Sep), PM Lee told listeners not to withdraw their CPF savings at age 55. He encouraged CPF members to work longer, until they are 65 if they can. Thereafter, they can take out some of their CPF funds to pursue their dreams if they want...
Large US MNC shifts operations out of Singapore
The media reported today (1 Sep) that large American chipmaker and Fortune 500 company, Broadcom, is moving some of its operations out of Singapore to Ireland. It certainly is a blow to Singapore's already troubled electronics sector. In its latest annual report, Broadcom said that it would "utilise (its) Irish trading company...
Teo: If you don’t like scheme, sell or rent flat out
DPM Teo on HDB Lease Buyback Scheme At a dialogue session yesterday (31 Aug) to discuss PM Lee's National Day Rally speech, Pasir-Ris Punggol residents offered mixed views on the Lease Buyback Scheme. Some were not happy with the amount the HDB pays flat owners for the remaining lease. Others felt that while it was a good scheme,...
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