PAP Government has a ‘blank cheque’ to pull money out of reserves
How would you feel if I told you, there's a 100% legal way that the PAP government have set up to enable government spending of Singapore's accumulated reserves? You think any draw down on historical reserves requires presidential approval? Actually not! "Draw down" has a specific legal meaning, and guess what, when you're...
Minimum wage vs Progressive wage concept?
I refer to the article “Singapore could lose its competitive edge, locals could lose jobs” (Today, Oct 26). Progressive wage concept It states that “SNEF cited the example of tiered starting wages for different types of cleaners, as well as the progressive wage structure and upgrading paths in the cleaning industry as...
S$4,000 psf homes to be launched soon
The developers behind the much anticipated South Beach mixed-use project (pictured) are preparing to market its residential units, offices and shop spaces, reported AsiaOne. The consortium comprising City Developments Limited (CDL) and IOI Corporation has yet to finalise pricing and the launch date, but they are now “preparing...
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