With the latest curb in the property loans, the MAS has said it’s not measure to cool soaring prices. It’s said the rules will help strengthen credit underwriting practices of financial institutions and encourage financial prudence among borrowers. More information: Read ChannelNewsAsia. Let us take a look at what it means: 1) Total debts obligations must not exceed 60% or his gross monthly income: This rules applies to properties only. .
The Singapore Armed Forces (SAF) is promoting 402 officers, 75 military experts (ME), and 41 warrant officers from the Army, Air Force and Navy to the next higher rank this year. The promoted personnel include regulars and Operationally-Ready National Servicemen. At a promotion ceremony held at the Ministry of Defence (MINDEF) yesterday evening (27 Jun), Minister for Defence Dr Ng Eng Hen presented certificates to personnel promoted to the ranks of Senior Warrant Officer (SWO), Chief Warrant Officer (CWO), ME7 and ME8, as well as Colonel and above.
What the Government can do, and it did, is to make N95 masks available as fast as possible. We have to give credit here. One piece selling for S$2-plus is not unattainable, even for the poor. Grassroots organisations are also giving out masks for free. This curbs the incentive of profiteers. Forcing merchants or individuals to not sell at the price they want, though, goes against the free market.
The Wage Credit Scheme (WCS) is part of the 3-Year Transition Support Package introduced in Budget 2013. Under the WCS, the Government will co-fund 40% of wage increases given to Singaporean employees earning a gross monthly wage of up to $4,000. WCS covers wage increases that are given in 2013 to 2015. Already, there are some grouses in my workplace.
Five days into the free ride scheme for early commuters and things are running smoothly. The number of early commuters has increased slightly but still bearable. Two factors could contribute to the situation at the moment. One, more trains were added to reduce the waiting time. At times train would arrive at 1 or 2 minute intervals. This frequency helps to get the commuters moving at a faster rate.
So, one of my female readers left the following comment on a recent post and it drew some pretty angry reactions from my male readers. I don't want to 'attack' her per se, but I felt that I couldn't do her a decent reply without dedicating a whole post to it, so here it is. Let's begin with her controversial (and IMHO, downright stupid) comment: ....
While I have written extensively about the return discrepancies at Temasek let us consider the possibility that I am wrong. In fact, let us go so far as to assume that everything Temasek has claimed about its returns is completely and entirely accurate in every way. In this column from this point forward, we shall assume that Temasek has earned an average rate of return since 1974 of 17%. According to Temasek at the end of the fiscal year in March 2012 (Temasek has not yet released their March 31, 2013 annual report), they reported $198 billion SGD under management.
The internet smoulders today with the fallout from Foreign and Law Minister K Shanmugam’s alleged late night phone call to Remy Choo, wherein they apparently discussed the allegedly libellous nature of an article originally published in The Global Mail and shared widely amongst Singaporeans. The Minister appears to be in damage limitation mode – attempting to downplay the significance of the phone call which was first revealed by Kirsten Han, and secondly by seeking to clarify his historical business relationship with companies ultimately controlled by Indonesia’s Widjaja family that was raised in the article.
Two million adult Singaporeans will receive letters from the government in the first week of July, informing them of the benefits they and their households will receive as part of Budget 2013. The benefits include: GST Voucher (GSTV), GSTV Special Payment, and a top-up of S$200 to the CPF Medisave Accounts of all Singaporeans aged 45 and above.