Why PSP’s proposed levy of $1,200 will right-tilt jobs towards Singaporeans
NCMP Leong Mun Wai I’ll tell you why Progress Singapore Party’s NCMP Leong Mun Wai’s suggestion of $1,200 levy for employment pass holders will rebalance PMET jobs in the mid-high salary range towards Singaporeans. Let’s say you hire a Singaporean in his prime for a job which pays $6,000, the employer’s...
Quick thoughts on Budget 2021
Here are my 2 quick thoughts on Budget 2021. 1. Drawing on past reserves In the last General Elections, the Singapore Democratic Party (SDP) had proposed to suspend GST till end-2021, pay retrenched workers 50% of their last drawn salary for 18 months & provide a $500 monthly retirement income for lower-income seniors aged...
The Budget Arithmetic Puzzle
NCMP Leong Mun Wai Every year, the Budget is an arithmetic puzzle. Even financial professionals like me have problems piecing everything together because you have to go beyond the smoke screen and look for the detailed data, which are often incomplete. However, I do get a sense of the overall picture and I am going to share...
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