Meritocracy is one of Singapore’s avowed core values and has been lauded as a fair, efficient means of political, economic and social ordering. Last month, Acting Minister for Culture, Community and Youth Lawrence Wong said that there was no real alternative to meritocracy, a position held throughout Singapore’s history. There is little doubt that the enforcement of meritocratic ideals was a major contributor to Singapore’s development, at least in the economic sense.
Median household income from work increased last year, but income inequality also increased, according to the Department of Statistics’ Key Household Income Trends 2012 report released today. Median monthly household income from work among resident employed households grew from S$7,040 in 2011 to S$7,570 last year, a 2.7 per cent increase in real terms, or after accounting for inflation.
China News and Taiwan’s Apple Daily published news report today (19 Feb) on an alleged molestation incident which took place inside the VIP room of Marina Bay Sands’ (MBS) Casino a year ago. Apparently, famous PRC comedian Zhao Benshan went to MBS to gamble in Feb last year. While inside the VIP room, he couldn’t find his hat. Another person, possibly his assistant, then proceeded to body search the MBS staff inside the room.
Certificate of Entitlement (COE) premiums for all vehicles dipped at the end of the latest bidding exercise today. The category which registered one of the largest dips in premium prices was Category A (1,600cc and below) where the premiums fell by 10.11 per cent from S$87,109 early this month to S$78,301 at today’s bidding exercise. The COE premium for cars that are 1,601cc and above dropped by 0.25 per cent from S$92,901 to S$92,667.
I am actually tired of rhetoric saying that we are an immigrant society, and so must welcome new immigrants, that if we deny them, then we deny ourselves, etc. Look, our forefathers came when places like Bukit Batok, Sembawang and Punggol were ulu. They cleared forests, made roads, built schools, made homes, and created the SIngapore that we have today. In the process of making this country livable, we slowly began to gel as a people, and are still on this journey of being one people.
"Well I have lived there(Singapore) for 20 years now. I think it would be unfortunate to exaggerate what is going on. Well having said that, I was the subject of a xenophobic tirade for the first time ever in Singapore a few months ago which gave me a sense of feeling (?)...wealthy foreigners are extremely visible in Singapore. Despite Singapore's per capita income being among the highest in the world, there is a significant percentage of Singaporean households that earn very little money and I can understand how this sense of displacement must be difficult. But the fact is the system in Singapore by the PAP is based on the notion that if you make Singapore a welcoming place for wealthy corporations and foreigners by taxing them and taking their money you can provide an environment which is beneficial for all. Unfortunately, that foreign money has led to extreme growth in cost...that hurts the society"....
In this article, I will discuss specifically on the impact of the rent-seeking behaviour by the government and how this is the key reason for our low productivity growth. This also explains why the government had to resort to increasing the population instead, because they couldn’t effectively improve productivity, by large part due to their rent-seeking behaviour, which reduces impetus for innovation. I will also the white paper in this context, and the reasons and timing for the release of the white paper.
A NEW Chinese cultural centre to integrate newcomers to Singapore and showcase the local Chinese identity will be set up by the Singapore Federation of Chinese Clan Associations (SFCCA). It will be a one-stop venue that Chinese community bodies can use for anything from performances and exhibitions to networking events and seminars. The cost and site of the centre have yet to be finalised. The integration of new citizens will be one of the centre's primary goals, said the federation's president Chua Thian Poh yesterday when announcing the plan of the umbrella association.
Mr Chia says that whether it is 5.9 million or 6.9 million doesn’t make a difference; that the White Paper is just a master plan; no one knows for sure if the figure of 6.9 million would be hit; the nation needs to plan for the next 10 to 20 years and the plan should be reviewed yearly and is not a stagnant plan. There is a huge 1 million difference between 5.9 million and 6.9 million. Tampines, one of our biggest New Towns, has slightly less than a quarter million people. So we are talking about four additional Tampineses which will require much land, infrastructure as well as time and money to build. It does make a big difference and is not something that can be reviewed on a yearly basis.