Cleaner to Govt’s $50 increase proposal: Thanks, but no thanks!
It was Prime Minister Lee Hsien Loong who drove the final nail into the coffin of Lim Chong Yah's "shock therapy" proposal - raise the lowest incomes by at least 50% over 3 years, and institute a wage freeze for top income earners for 3 years. After the angry groundswell refused to subside, the National Wages Council relented...
One third of male PRs renounce their PR status to avoid NS
In a media interview ahead of SAF Day (1 Jul), Minister Ng Eng Hen reiterated again that new citizens and second-generation PRs must serve National Service (NS). Second-generation PRs who choose not to serve NS will have to renounce their PR status so as to avoid infringing the law. Dr Ng said, "Better don't take up the PR if...
Singapore Govt Finance: What We Know So Far
Before we get back to analyzing the made up finances of the Singaporean government, GIC, and Temasek, I thought this would be a good place to stop and go back over what we know for a fact. 1. The government of Singapore has an official balance sheet as of March 31, 2011 listing $705 billion SGD of assets and of that $125...
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- Caoliangoh on Pakistan to nuke Israel if…
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