Economics
Jul. 28 |
TOC just got news that Sunny passed away yesterday. Since this story was published, Sunny had found shelter in a Home for the Aged. His family cannot be traced to claim his body. TOC is enquiring how we may claim the body and give him a proper funeral....
Jul. 24 | Wong Chun Han -
Used under Creative Commons licence
Singapore should cut its focus on economic growth and measure its progress with socio-economic indicators apart from the gross domestic product, a nominated member of parliament said Monday.
“The changed...
May. 28 |
The Monetary Authority of Singapore (MAS) has been discreetly compelling stock brokers in Singapore to impose trading restrictions on certain foreign stock counters, particularly Exchange Traded Notes (ETNs). Affected counters can no longer be purchased.
ETNs...
May. 5 | Counter offers of higher pay for the “best workers” or “workers”?
I refer to the report “3 out of 5 firms in Singapore will make counter offers when employee resigns” (Channel News Asia, 4 May).
Almost everyday, there is news of a booming...
Apr. 15 | MCYS cartoonises the Community Care Endowment Fund (ComCare) supposedly for the simple of mind.
Apr. 13 | Latest: Ministry of Trade and Industry revises economic growth forecast Singapore to 7 – 9% growth from the previous forecast of 4.5% – 6.5%; and Monetary Authority of Singapore re-centres the exchange rate policy band to allow for a stronger...
Apr. 10 | I refer to the articles “Supply cut sends COE prices rocketing again” (Straits Times, 8 April) and “COEs the next lighting rod?” (Today, 8 April)
The My Paper article stated that “COE for cars above 1,600cc hit $45,501, 26.1...
Mar. 30 | Excerpt from Reuters
At first, the men had been ordered to break the arms and legs of a dealer at Sands Macau suspected of helping a patron cheat millions of dollars from the business. Later, a call went out to murder the dealer, court records show. But...
Mar. 28 | By Choo Zheng Xi, Editor-at-Large
In Singaporean political lore, Dr Seet Ai Mee of the ruling People’s Action Party (PAP) is widely held to have lost her seat to Mr Ling How Doong of the Singapore Democratic Party (SDP) in 1991 after being caught...
Mar. 18 | Please support The Anti-Mandatory Death Penalty Photo Project by simply taking a photo of yourself that says you do not support the Mandatory Death Penalty, and sending it to us! It can be as simple or as creative as you want, as long as it expresses...
Mar. 17 | By Chemical Generation
The government just announced a change in the COE quota system. From April onwards with a pro-rated formula first and then every 6 months from July, the car population growth rate would be the number of deregistered vehicles...
Mar. 3 | By Gerald Giam
Workers’ Party chief Low Thia Khiang has slammed the PAP government for seemingly suggesting that Singaporean workers have only themselves to blame for their low incomes, because of their low productivity and skills. He said it was easy...
Mar. 1 | From Press Run
Singapore has the biggest income gap among 23 rich nations surveyed in the book, The Spirit Level: Why Greater Equality Makes Societies Stronger, by Richard Wilkinson and Kate Pickett. This chart from the book shows the income gap between...
Feb. 26 | By Wong Chun Han
Raising the foreign worker levy will not reduce Singapore’s dependence on foreign labour or raise productivity, but will increase the financial burden on workers and employers, social workers and analysts say.
The levy hike – part...
Feb. 23 | Announcement:
The electoral rolls for the next General Elections are now open for inspection. Please go to: http://elections.gov.sg .
By Ng E-Jay
Finance Minister Tharman Shanmugaratnam delivered the Budget Statement in Parliament on Monday 22 Feb.
In...
Feb. 22 | By Lisa Lee
In March 1995, Mr Abdullah Tarmugi, then-Acting Minister for Community Development, introduced Singapore’s “Many Helping Hands Approach” at the World Summit for Social Development in Copenhagen, Denmark.
He explained Singapore’s...
Feb. 12 |
By Leong Sze Hian
I refer to the article “HDB resale prices: Don’t just find a scapegoat – It is not an issue of us-versus-them, but one of a rise in demand” (ST, Feb 11).
It states: “But actually, what exactly is the issue? Are rising...
Feb. 8 | AFP
SINGAPORE — Illegal loans rose almost 60 percent last year as Singaporeans reeling from the economic crisis turned to loan sharks to tide them over the tough times, a senior police official said Monday.
There were 18,600 cases of illegal loans made...
Feb. 8 | By Leong Sze Hian
I refer to the report “Measures to encourage low-wage workers to take up training expected during Budget” (CNA, Feb 7).
It states that “Manpower Minister Gan Kim Yong has hinted that issues such as making it easier...
Feb. 3 | Kenneth Jeyaretnam
The Reform Party
The Economic Strategies Committee (ESC) finally released its report yesterday after over eight months of deliberation. The ESC is supposed to include the best brains from the private and public sectors yet all it...
Feb. 2 | Wakka Kong and Simeon Ang
The Singapore government has always taken pride in its strong stand against corruption, as substantiated by Singapore’s high ranking (fourth) in the global corruption survey. According to Minister Mentor Lee Kuan Yew, the...
Jan. 31 | Leong Sze Hian
I refer to the report “Medisave contribution may go up to cover costs” (ChannelNewsAsia, Jan 28).
It states that
“Medisave contribution may go up as the need for long-term care increases with Singapore’s aging population....
Oct. 12 | Alastair Su
In February last year, French President Nicholas Sarkozy called for the re-evaluation of the Gross Domestic Product (GDP) as the primary method to measure a country’s living standards.
(Left: HDB flats in Ang Mo Kio, Photo Credit: Timmo...
Sep. 23 | Ian Choo
There has been much talk about the “Singapore Model”. The West has long equated economic development with the free market ideology and liberal democracy. To the West, the “Singapore model” is characterised by the unorthodox...
Mar. 10 | TOC Exclusive:. TOC will be bringing you an exclusive report on one of the most atrocious living conditions for foreign workers we have yet come across. Stay tuned. For a prelude, visit our Facebook here.
Goh Zhi Qian in Spain
Living in a nation where...
Dec. 26 | The following is a letter to TOC from Max Chua.
Dear people at TOC, First of all, thank you for being such a fabulous site!! :)
Currently, there is a situation that I feel needs to be promptly addressed or looked into, at this present moment of economic...
Dec. 21 | Gilbert Goh
This statement is, I am afraid, easier said than done. When one decides to downsize due to financial constraints, it is always tough as we are used to a certain lifestyle that has become a part of us.
The basic necessities such as groceries,...
Dec. 12 | Gilbert Goh / Writer
During recession, especially when one is jobless, finances become a critical need that will become an emergency item when one is very short. I wrote in my previous article, “Facing joblessness – a personal account”...
Dec. 7 | Excerpts from Quint Careers:
Career experts estimate that the vast majority of job openings are never advertised or publicly announced, but filled through word-of-mouth or networking — known as the “hidden job market.” The likelihood...
Nov. 30 | Question from a Singaporean to Mr Gilbert Goh:
Any advice for a 48 yr man, jobless for 5 yrs and badly burnt out in stock market and totally depressed.
——–
Mr Goh’s reply:
I empathise with your situation. Five years of unemployment...
Nov. 27 | The following is a personal account by Mr Gilbert Goh. The article was first published in the Straits Times forum page in October 2008. We thank Mr Goh for giving us the permission to re-publish it here. We hope that the article will help those who are...
Nov. 26 | This is your space – to share your views or stories about the recession, being retrenched, how to cope with everyday living. You may be going through it, or may have some good advice for those going through it.
You may be an employer who has jobs for...
Jun. 26 | Wilfred Ling
One week ago, a salesperson came to my house to demonstrate and sell a vacuum cleaner. It was an impressive vacuum cleaner with many capabilities:
The machine was highly sophisticated and her four hour demonstration was highly impressive....
Mar. 19 | Below is a collection of stories written by bloggers about poor, elderly Singaporeans. They are personal accounts of how some of our senior citizens and the poor live.
A Stranger, My Friend by Zyberzitizen:
A cat nearby keeps him company, sometimes...
Sep. 12 | By Leong Sze Hian
I refer to the Public Transport Council’s (PTC) News release on 11 September, on the increase in bus fares from 1 October.
I would like to comment on the following:-
“PTC considered Singapore‘s economic outlook...
Sep. 4 | This is a letter from Jason, one of our readers.
It has been argued strongly that elderly Singaporeans are not saving enough, despite the CPF scheme. This is hardly surprising.
The CPF was introduced in 1955 when Singapore was a Third World colony. Our...
Aug. 31 | By Leong Sze Hian
The ChannelNewsAsia report “50 needy households receive free electrical appliances” (29 August) (link) said that:
“Needy residents in the South West District received various free electrical appliances on Wednesday...
Aug. 24 | By Leong Sze Hian
This is in reference to media reports that the CPF Special, Retirement and Medisave accounts’ rates will be modified next year.
The question that may be in every Singaporean’s mind is whether the peg to “an appropriate...
Aug. 16 | By Leong Sze Hian
Media reports in July said that Singapore is in a “golden period” that can stretch out over many years.
There were two other media reports in that same week about the payout period for disabled seniors under The Interim...
Aug. 9 | As we celebrate National Day, lets not forget the ones who are struggling and who continue to struggle on a daily basis. Many thanks to Martyn See for taking the time and effort to lend a voice to the less-abled and needy – especially the elderly....
Jul. 15 | This is TOC writer Leong Sze Hian’s letter to The New Paper which was published on the 14th of July, 2007.
I refer to the article ‘Would you work 2 shifts over 14 hours for $4.90 an hour?’ (The New Paper, 6 Jul) and the recent launch of...
Jul. 2 | By Leong Sze Hian
I REFER to NTUC’s proposal to reduce the CPF contribution for lower-income workers and put 40 per cent of the Workfare bonus to CPF.
On the one hand, we are putting more of the Workfare Bonus cash payout to worker’s CPF,...
Jun. 28 | By Leong Sze Hian
CPF announced the amendment of the treatment of Special Account savings invested in fixed deposits, and media reports that the CPF Board has reminded three non-bank investment administrators (IAs) that members’ CPF Investment Scheme...
Jun. 25 | By Leong Sze Hian
On Jan 22, 2007, the manpower minister, Dr Ng Eng Hen, was quoted by the media thus:
‘To a question if the minimum CPF sum of $90,000 would be enough for retirement, Mr Ng said changes are being made so Singaporeans can have more...
Jun. 21 | Singapore has changed.
And I am not talking about physical changes such as the new MRT Circle Line or the new shopping malls or even the upcoming Integrated Resorts.
One can almost feel the fundamental changes that are taking place – in the hearts and...
Jun. 14 | This is a letter by TOC writer Leong Sze Hian to the Straits Times
I REFER to StarHub’s announcement that it will increase cable TV subscriptions by between $4 for basic groups and $10 for sports content.
This is an increase of 17 to 67 per cent....
Mar. 29 | By Leong Sze Hian
I refer to the article “895 HDB flats repossessed since 2003” (TODAY, Feb 28).
It states that “seven per cent of those who took HDB mortgage loans were in arrears of at least 3 months”.
As at the end of last year,...
Mar. 19 | “There will always be arguments on whether a sum we’ve decided is enough or not and as I’ve said yesterday, frankly one limiting factor must be the sum that we give through public assistance cannot be so generous as to erode the work...
Feb. 2 | With the increasingly fast pace of life in Singapore, there perhaps is a tendency for us to forget those who are left behind, those who can’t run as fast as the rest of us – even if they want to.
The government, to its credit, has set up various help...
Jan. 17 | This excerpt is taken from Yawning Bread’s website.
I was having a late lunch at a hawker centre — just some fried noodles and a canned drink. In Singapore, one usually gets a cup of ice along with the drink, and the first thing...