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This is not a game of cardsThis is not a game of cards I can appreciate parties wanting to hold their cards close to their chest, but the smoke and mirrors games on nominations day, the shuffling of the DPM from a seat he had openly been declared to be defending, and other ministers shuffling constituencies leaves one feeling the PAP thinks it is playing a game of cards. Constituency...

Is a Parliament full of PAP MPs really better for Singaporeans?Is a Parliament full of PAP MPs really better for Singaporeans? I refer to The Online Citizen GE2025 news report, “Lee Hsien Yang: Is a Parliament full of PAP MPs really better for Singaporeans?” - (April 14), and “The Straits Times’ report, “GE2025: Singaporeans will go to the polls on May 3, Nomination Day on April 23” (April 15), and The Online Citizen GE2025 report,...

𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐧𝐞𝐞𝐝 𝐟𝐨𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝... Is the PAP of today exceptional, with unmatched competence and delivery? Afterall, that is their justification for the highest salaries in the world. Let’s look at its more recent track record. Large numbers of NRIC numbers were recently unmasked, leaving Singaporeans exposed to identity theft, fraud, abuse and scams....

GE2025: Red Dot United to contest in Holland-Bukit TimahGE2025: Red Dot United to contest in Holland-Bukit Timah I refer to the CNA news, “GE2025: Red Dot United to contest in Holland-Bukit Timah GRC but may make way for Singapore Democratic Party” (April 10), “More opposition 'star catches' are emerging. Is Singapore's political scene maturing?” (April 10) and “PSP says government response to Trump tariffs 'overblown',...

GE2025: Why Singapore's high-flying bureaucrats are recruited into politicsGE2025: Why Singapore's high-flying bureaucrats are recruited... I refer to CNA’s news, “GE2025: Why Singapore's high-flying bureaucrats are recruited into politics” (Mar 28). It is not surprised to notice that in recent weeks, two NMPs and top ministry officials have resigned, fuelling speculation they could be fielded as potential candidates for the ruling People's Action...

More than 2.75 million Singaporeans eligible to vote in GE2025More than 2.75 million Singaporeans eligible to vote in GE2025 I refer to The CNA’s News, “GE2025: More than 2.75 million Singaporeans eligible to vote” (Mar 25). As Singapore’s General Election is due to be held within this year, the following factors will more or less influence the election situation this year: A)The general mentality of voters Voters are generally...

How the end of Ukraine war could be secured, even with waning US supportHow the end of Ukraine war could be secured, even with waning... I refer to the CNA’s commentaries, “How the end of Ukraine war could be secured, even with waning US support” (Mar 4), “Lessons from the Trump-Zelenskyy meltdown- for friends and foes” (Mar 1) and “Will Trump tariffs push China to change economic tack?” (Mar 3). Foremost, we need to recognise the reality...

Singapore Army Recruits Deserve a Minimum WageSingapore Army Recruits Deserve a Minimum Wage Singapore Army Recruits Deserve a Minimum Wage: National Service Should Not Come at the Expense of Opportunity Costs Singapore’s National Service (NS) has long been a cornerstone of the nation’s defense, requiring young men to dedicate two years of their lives to military, civil defense, or police service. While...

Trump-Putin deal on Ukraine will be Europe’s moment of reckoningTrump-Putin deal on Ukraine will be Europe’s moment of... I refer to the CNA’s Commentaries, “Trump-Putin deal on Ukraine will be Europe’s moment of reckoning” (Feb 20) and “Ukraine can survive with the ‘least worst’ peace” (Feb 22). Now, In the eyes of European Union, they have lost trust and confidence in the United States, it is solely due to the flip flop...

From Deepseek to Huawei, US tech restrictions on China are backfiringFrom Deepseek to Huawei, US tech restrictions on China are... I refer to the CNA’s Commentary, “From Deepseek to Huawei, US tech restrictions on China are backfiring” (Jan 31). Would it be practical, useful and effective for the United States to continually pursue an aggressive containment strategy to hobble China’s tech push? Undoubtedly, the answer is obviously not. There...

Don't get distracted by Trump's outlandish Cabinet picksDon't get distracted by Trump's outlandish Cabinet picks I refer to the CNA’s Commentary: “Don't get distracted by Trump's outlandish Cabinet picks” (Nov 25), and “'No one will win a trade war’, China says after Trump tariff threat” (Nov 26). As everyone knows, U.S. President-elect Donald Trump will return to power on January 20, 2025. Trump has dismissed...

Putin escalates Ukraine warPutin escalates Ukraine war I refer to The CNA’s Commentary: “Putin escalates Ukraine war by a step, not a leap, with missile experiment” (Nov 23). Foremost, Zelenskyi’s intention to join Nato has greatly threatened the security and survival of Russia. Hence, Zelenskyy has offended Putin and Putin has no choice but to launch a war with...

Will PM Wong address the astronomical ministerial salaries?Will PM Wong address the astronomical ministerial salaries? I refer to The TR-Emeritus opinion article, “Will PM Wong address the astronomical ministerial salaries” (June 14) by Mr Yoong Siew Wah. It has always been a controversial topic which concerns about our top political leaders who receive their salaries that are many times higher than those foreign political leaders. Our...

Supporting Chee Soon Juan's caféSupporting Chee Soon Juan's café I refer to The Independent Singapore’s news, “Singaporeans urged to support Chee Soon Juan's café despite their political preferences” (July 16). The underlying objective of doing any business is to ensure it is viable and profitable. Otherwise, there is no point of undertaking risk for it. It is natural for...

Steering with stability in transition timesSteering with stability in transition times I refer to The Straits Times’ Editorial, “Steering with stability in transition times” (May 16). Let us analyze and interpret this specific subject from a broad perspective, how Singapore should respond and adapt to the evolution of the entire international situation and formulate its foreign policy that is extremely...

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Editorials
Level 16 super typhoon devastates multiple cities in...

Level 16 super typhoon devastates multiple cities in...

Northern China was hit by an extreme weather event on Thursday as a massive cold front swept south, colliding...
Level 15 winds destroy buildings rooftops and cause...

Level 15 winds destroy buildings rooftops and cause...

On April 30, northern China was struck by an extreme weather event as a massive cold vortex surged southward,...
TR Emeritus to 'shut-up' on 2nd May 2025

TR Emeritus to 'shut-up' on 2nd May 2025

Please be informed that TR Emeritus (TRE) will shut down its comment function site-wide at 0000 hours...
Chaos in China as extreme storm destroys homes and...

Chaos in China as extreme storm destroys homes and...

Beijing’s 22 million residents were asked to stay indoors on Saturday, as powerful winds swept across...
China, Thailand, and Myanmar in ruins after devastating...

China, Thailand, and Myanmar in ruins after devastating...

On March 28, 2025, a devastating 7.7-magnitude earthquake struck central Myanmar near Mandalay, causing...
Myanmar 7.7 earthquake collapses buildings in Thailand,...

Myanmar 7.7 earthquake collapses buildings in Thailand,...

A powerful 7.7 magnitude earthquake struck central Myanmar on March 28, 2025, causing widespread panic...
Beijing shocked by earthquake and mega sandstorm

Beijing shocked by earthquake and mega sandstorm

Since March 24, 2025, northern China has been battling extreme weather as a massive sandstorm swept through...
Mega hail causes mass destruction in Fujian and Guangdong

Mega hail causes mass destruction in Fujian and Guangdong

An unexpected and severe hailstorm struck multiple cities in Guangdong and Fujian between March 3 and...
Extreme weather struck multiple regions in China

Extreme weather struck multiple regions in China

On March 2, 2025, extreme weather struck multiple regions in China, with parts of Henan province experiencing...
Happy Chinese New Year 2025

Happy Chinese New Year 2025

Wishing all our Chinese readers:     Team@TR Emeritus  
Huge snow caused numerous disruptions on China's major...

Huge snow caused numerous disruptions on China's major...

As the Chinese New Year approaches, millions of people across the country are making their annual journey...
The rapidly spreading HMPV virus you haven’t heard...

The rapidly spreading HMPV virus you haven’t heard...

Human Metapneumovirus (HMPV) is making headlines as cases surge, especially among children and vulnerable...
4.1 magnitude earthquake shakes Shanxi's Linfeng city

4.1 magnitude earthquake shakes Shanxi's Linfeng city

On the evening of January 10, 2025, Linfen City in Shanxi Province was struck by an earthquake. The tremor,...
7.8 magnitude earthquake devastates Tibet

7.8 magnitude earthquake devastates Tibet

A magnitude 7.1 earthquake has hit Tibet, in the region of Shigatse, which is near the border with Nepal. According...
Outbreak of mystery virus in China

Outbreak of mystery virus in China

China is r eportedly facing a new health crisis as the human metapneumovirus (HMPV) outbreak rapidly...
Unknown Virus Rampages in China; Hospitals Utterly...

Unknown Virus Rampages in China; Hospitals Utterly...

A blogger in China has shared a video, claiming that this isn’t China’s Spring Festival travel rush;...
The ugly truth about buying a property in Malaysia

The ugly truth about buying a property in Malaysia

The shocking Truth Behind Singaporeans’ Malaysia Property Dispute. You don't actually own the...
Merry Christmas

Merry Christmas

Wishing all our valued readers:   Team@TRE  
Opinions
A False Analogy That Insults the Intelligence of Singaporeans

A False Analogy That Insults the Intelligence of Singaporeans

Minister Ong Ye Kung’s recent assertion that a “co-driver” bears no responsibility if a car crashes...
There is a cost to losing

There is a cost to losing

There is a cost to losing. At least in PAP’s books. And one of the costs is a policy of priority. That...
Hougang Belongs to the People

Hougang Belongs to the People

Thank You for the Reminder, Mr Marshall Lim. It is with no small measure of amusement that one reads...
Its all about trust

Its all about trust

Dr Ng Eng Hen from PAP has pointed out the most important key point about this General Elections, it...
Misunderstanding What Singaporeans Truly Expect from...

Misunderstanding What Singaporeans Truly Expect from...

The government's repeated assertion that it is "easy for the opposition to ask the government to give...
Punggol GRC

Punggol GRC

Punggol GRC is without question one of the most hotly watched, followed and contested constituency in...
Should Singapore Be Concerned About David Neo’s “Action-Takers,...

Should Singapore Be Concerned About David Neo’s “Action-Takers,...

Singaporeans should pause and reflect on the recent remark by PAP candidate David Neo, who said that...
Why Singaporeans Must Reconsider the Dismissal of SDP’s...

Why Singaporeans Must Reconsider the Dismissal of SDP’s...

The Singapore government’s blunt assertion that the Singapore Democratic Party (SDP)’s proposals...
Expect the exchange of barbs in politics

Expect the exchange of barbs in politics

In a political contest, expect the exchange of barbs. And we do not lack any of it in the rallies held...
Don't Be Swayed by the Noise—Think Critically Before...

Don't Be Swayed by the Noise—Think Critically Before...

In recent weeks, the political buzz in Singapore has reached a new high. Massive crowds at opposition...
We vote whoever is deserving of our vote

We vote whoever is deserving of our vote

I am surprised that Lee Hsien Loong chose to remind us of the 1997 shameful episode when he, his father...
The Case for a Diverse and Balanced Parliament

The Case for a Diverse and Balanced Parliament

The Singapore government has recently stated that "Good government needs good people" and cautioned against...
None of the PAP labour MPs rose to speak when Parliament...

None of the PAP labour MPs rose to speak when Parliament...

I was truly flabbergasted when I learned from one of Pritam Singh's (PS) recent rally video clips that...
A Regrettable Incident and a Timely Call for Reform

A Regrettable Incident and a Timely Call for Reform

The recent racial slur made by a Singapore Democratic Party (SDP) member during the General Election...
A Regrettable But Understandable Outcome

A Regrettable But Understandable Outcome

The walkover in the newly formed Marine Parade-Braddell Heights GRC is, to many observers, a regrettable...
Do not be afraid to give up the good to go for the...

Do not be afraid to give up the good to go for the...

"Do not be afraid to give up the good to go for the great" - John D. Rockefeller. 2 big wigs from...
Singapore Needs a Dynamic Multi-Party System

Singapore Needs a Dynamic Multi-Party System

Singapore Needs a Dynamic Multi-Party System – The Status Quo is Failing Us. Singaporeans can no...
Singaporeans going to the polls on 3rd May 2025

Singaporeans going to the polls on 3rd May 2025

Singaporeans will be going to the polls on 3 May 2025. 'The government of the people, by the people...
Letters
Is a Parliament full of PAP MPs really better for Singaporeans?

Is a Parliament full of PAP MPs really better for Singaporeans?

I refer to The Online Citizen GE2025 news report, “Lee Hsien Yang: Is a Parliament full of PAP MPs...
GE2025: Red Dot United to contest in Holland-Bukit...

GE2025: Red Dot United to contest in Holland-Bukit...

I refer to the CNA news, “GE2025: Red Dot United to contest in Holland-Bukit Timah GRC but may make...
GE2025: Why Singapore's high-flying bureaucrats are...

GE2025: Why Singapore's high-flying bureaucrats are...

I refer to CNA’s news, “GE2025: Why Singapore's high-flying bureaucrats are recruited into politics”...
More than 2.75 million Singaporeans eligible to vote...

More than 2.75 million Singaporeans eligible to vote...

I refer to The CNA’s News, “GE2025: More than 2.75 million Singaporeans eligible to vote” (Mar...
How the end of Ukraine war could be secured, even with...

How the end of Ukraine war could be secured, even with...

I refer to the CNA’s commentaries, “How the end of Ukraine war could be secured, even with waning...
Singapore Army Recruits Deserve a Minimum Wage

Singapore Army Recruits Deserve a Minimum Wage

Singapore Army Recruits Deserve a Minimum Wage: National Service Should Not Come at the Expense of Opportunity...
Trump-Putin deal on Ukraine will be Europe’s moment...

Trump-Putin deal on Ukraine will be Europe’s moment...

I refer to the CNA’s Commentaries, “Trump-Putin deal on Ukraine will be Europe’s moment of reckoning”...
From Deepseek to Huawei, US tech restrictions on China...

From Deepseek to Huawei, US tech restrictions on China...

I refer to the CNA’s Commentary, “From Deepseek to Huawei, US tech restrictions on China are backfiring”...
Snippets
Langkawi to Koh Lipe Ferry: Complete Travel Guide

Langkawi to Koh Lipe Ferry: Complete Travel Guide

Planning a tropical escape from Malaysia to Thailand? The journey from Langkawi to Koh Lipe offers a...
This is not a game of cards

This is not a game of cards

I can appreciate parties wanting to hold their cards close to their chest, but the smoke and mirrors...
𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝...

𝐈𝐧𝐜𝐨𝐦𝐩𝐞𝐭𝐞𝐧𝐜𝐞 𝐚𝐧𝐝...

Is the PAP of today exceptional, with unmatched competence and delivery? Afterall, that is their justification...
The sleep science revolution in elite sports

The sleep science revolution in elite sports

Professional sports have entered a new era where recovery science directly impacts performance outcomes....
Sports Betting in Online Casinos as a Way to Improve...

Sports Betting in Online Casinos as a Way to Improve...

In today's world, online sports betting has become not only a popular form of entertainment but also...
Opportunities and features of artificial intelligence...

Opportunities and features of artificial intelligence...

Today, artificial intelligence and neural networks have become a widespread phenomenon, bringing people...
How Modern Technology is Shaping the Future of Sports...

How Modern Technology is Shaping the Future of Sports...

The sports betting industry is undergoing a revolution fueled by modern technology. From Artificial Intelligence...
The Allure of Singapore Jewellery: A Blend of Tradition,...

The Allure of Singapore Jewellery: A Blend of Tradition,...

In Singapore, traditional and contemporary life come together so beautifully, and among other things...
Sticky & Recent Articles

Racial harmony not due to PAP

Racial harmony not due to PAP

Kids, regardless of race, playing together during a flood in the olden days of Singapore (Photo http://blogtoexpress.blogspot.sg) I refer to the 5 Jun 2014 Straits Times letter “Striking a delicate balance” by Mr Kuek Jia Yao. My Kuek attributes Singapore’s racial harmony to the success of post independence government policy. It is not. Singapore has had racial harmony between the two main races of Chinese and Malays throughout our hundred over years of colonial rule by the British. Racial conflict arose during our tumultuous years of marriage into Malaysia when the political conflict between Lee Kuan Yew and Tungku Abdul Rahman led to racial politics. The divorce between Lee Kuan Yew and Tungku Abdul Rahman in 1965 disentangled their political conflict and the racial politics involved. Racial peace gradually returned to us after that. Similar to racial harmony is religious harmony which the Inter-Religious Organisation (IRO) has been promoting since its founding in 1949. The founding of the IRO predates the founding of the PAP so again it cannot be said that religious harmony was solely the work of the PAP (See below: Straits Times, Religious harmony as envisioned 65 years ago, 5 Jun 2014). I refer too to the 8 Jun 2014 Straits Times report “Use social media to fight extremism”. Minister Heng Swee Kiat said that the voluntary Religious Rehabilitation Group (RRG) was supposedly ahead of its time when set up 11 years ago to rehabilitate radicalised individuals with extremist beliefs. But 11 years ago was 2003, two years after the 2001 world shaking, recession inducing Sept 11 Terrorist attack on America’s World Trade Centre. The Singapore Jemaah Islamiyah plan to bomb embassies was also uncovered in 2001. It would be more appropriate to say that RRG was set up in response to Singapore and global extremism rather than to say that it was set up ahead of its time. Thank you   Ng Kok Lim Straits Times, Striking a delicate balance, 5 Jun 2014 I WAS present at the opening ceremony of the Pre-University Seminar and I applaud Manpower Minister Tan Chuan-Jin's clear arguments and sincere style ("Pre-U students zoom in on power of stories"; Tuesday). During the question-and-answer session, he cited racial harmony as an example of a post-independence government policy that was extremely successful. Indeed, it has led to a more progressive, multiracial society, laying the foundation for our stability and prosperity. In today's context, Singaporeans want more say in the governance process. How they go about expressing their concerns is beside the point, although attention-grabbing, unsubstantiated criticism is certainly not deserving of any scrutiny. The main difficulty is to strike a balance between government paternalism and the growth of civil society. They remain at opposite ends of the spectrum but are certainly not mutually exclusive. This balance affects most of the recent issues raised, such as government management of the Central Provident Fund, and even the regulation of the media and freedom of speech. Neither side is wrong, and Singapore has to strike a balance between societal self-regulation and the protective policies of a technocratic government. Also, I am puzzled by our excessive focus on internal issues. Without dealing with external uncertainty, our country will not even have a shot at domestic prosperity. I hope the Government can shed more light on how we plan to navigate the complex regional geopolitical environment, while preserving our neutrality. All in all, Mr Tan's frank, down-to-earth style certainly impressed many students. If the Government continues in this current direction, it will gradually include ordinary Singaporeans' views in the decision-making process. Kuek Jia Yao Straits Times, “Religious harmony as envisioned 65 years ago”, 5 Jun 2014 A HISTORIC collection of speeches on religion and peace was relaunched last night - 65 years after it was first published. The 1949 publication is a collection of speeches by the pioneer leaders of the Inter-Religious Organisation, Singapore (IRO) at its founding on March 18 that year. The 40-page book had faded from memory in the decades that followed, only to be rediscovered six months ago by IRO council member Imam Habib Hassan. While researching the organisation's history, he saw a reference to a book titled The Contribution Of Religion To Peace. He was intrigued by the fact that its editors were founding IRO president H. B. Amstutz and Dr Ahmad Mohamed Ibrahim, Singapore's first Attorney-General. After searching online, the imam found a London bookseller with a single copy of the book. "I didn't realise the importance of the book at the time," he said. It was only after the book arrived in Singapore by courier that its contents became clear: "We found that the religious leaders' words, complete, were there." The reprint aims to remind IRO members of their founding purpose, he added. To make for a more attractive read, the reprint is larger and includes photographs. It is not for sale, but 3,000 copies will be distributed to religious, community and government organisations, as well as secondary schools. At its launch last night, IRO president Noor Mohamed Marican noted that religious harmony in Singapore faces challenges such as a diverse population, the rise of social media and globalisation. "In order to rise to these challenges, the IRO will continue to follow the guidelines brought down upon us by our founders as contained in this book and reach out to the next generation of Singaporeans," he said. Minister for Law and Foreign Affairs K. Shanmugam, who was guest of honour, stressed that religious harmony should not be taken for granted. Atrocities have been committed in the name of religion and there are many messages of hate online, he noted. Organisations such as the IRO are important as they are "at the forefront of the war against religious extremism", he said. By fostering good relations between faiths and educating Singaporeans about different religions, the IRO provides "a shield against the lies and hate propagated by extremists". Straits Times, Use social media to fight extremism, Counter radicals who use it to sway young minds, minister urges rehab volunteer group, 8 Jun 2014 Thousands of people from countries around the world have answered the call of extremists to join Syrian rebels in their fight against President Bashar al-Assad's regime, and Singaporeans are "not immune" to this call, Education Minister Heng Swee Keat said yesterday. The extremists have been adroit at drumming up their cause and recruiting fighters on the Internet, posing a significant challenge to Singapore, he added at the 10th annual retreat of the Religious Rehabilitation Group (RRG). This is especially so, he noted, because Singapore's young people have grown up on a diet of social media and see it as a trusted source of information and news. But "radical ideologues" can use it as a weapon to manipulate young people's "spirit of altruism... to stir up emotional responses to the perceived oppression of Muslims in conflict zones, and to seed ideas of hatred", he warned, adding that there is a need to counter the misuse of social media by the extremists. He urged the group to explore how it can exert a greater presence on social media platforms such as Facebook, Twitter and YouTube to "reclaim the discourse from the radicals". "It will be an uphill task, but something necessary, so that there is a countervailing voice against the radical narrative being purveyed online," he said addressing about 30 people at the Holiday Inn Atrium on the second day of the group's three-day retreat focusing on the Syrian conflict. The RRG, a voluntary group of asatizah, or religious teachers, counsel radicalised individuals here to get them to abandon their extremist beliefs. Mr Heng praised the group for helping to rehabilitate those found to have "imbibed the terrorist ideology" and also for helping to reintegrate them into society. When it was set up 11 years ago, the group was "ahead of its time", said Mr Heng. But its method of counteracting the terrorist threat through stamping out radical ideology is especially relevant in today's "complex" terrorism landscape, he added. Describing how the terrorism threat has evolved, Mr Heng said the "enemy" has become more "amorphous", comprising self-radicalised terrorists who pick up radical propaganda online. The Syrian conflict, and the unrest in the Middle East and North Africa, has also "fed into the terrorist narrative that there is a global jihad that Muslims must be a part of", he said noting that many governments anticipate it could breed a new generation of terrorists. According to estimates by the Soufan Group, which provides strategic security intelligence services to organisations, about 12,000 foreigners have joined the Syrian conflict. RRG's co-chairman, Ustaz Ali Mohamed, also raised concerns about this trend yesterday when he made his opening remarks at the retreat, adding that some Singaporeans are already "attracted to the Syrian conflict". "The RRG is worried about the growing trend of individuals who are easily swayed by the narrative of performing armed jihad in Syria," he said. In March, the Ministry of Home Affairs disclosed it was investigating Singaporean Haja Fakkurudeen Usman Ali, 37, for allegedly going to Syria with the intention of taking part in armed violence there. The supermarket manager, previously an Indian national, became a Singapore citizen in 2008. Ustaz Ali said individuals like Haja may have been influenced by the "doomsday narrative" online that perpetuates the belief that the Syrian conflict is a prelude to the end of the world, and a "holy war" against enemies of Islam. "Such narratives are based on sayings of the Prophet (Muhammad) which are often misunderstood and taken out of context," he said. He added that there is a need to counter the narrative with an in-depth study of the hadith, or Prophet's sayings, quoted widely on the Internet, to "prevent the peaceful messages of Islam from being misused". Welcoming Mr Heng's suggestions for the group, Ustaz Ali said a public resource centre will be launched at Khadijah Mosque next month to provide research, information and counselling as part of the group's anti-terrorism efforts here. "We have an... important role to proactively inoculate the community against the dangers of terrorist and radical ideologies," he said.  Read More →

Inflation hits 2.7% in May, higher than CPF 2.5% interest

Inflation hits 2.7% in May, higher than CPF 2.5% interest

In a statement released today [Link], MAS said that the CPI-All Items inflation rate rose to 2.7% (year-on-year) in May last month. In April, it was 2.5%. MAS said the increase is due to "base effects associated with the fluctuations in COE premiums". The 2.7% inflation rate in May is more than the current 2.5% interest rate for the CPF Ordinary Account (OA). CPF Board announced earlier that CPF members will "continue to enjoy a risk-free interest rate of 2.5% on their Ordinary Account savings from 1 April 2014 to 30 June 2014" [Link]. For the next 3 months from July to September, CPF Board still said that all CPF members will "continue to enjoy a risk-free interest rate of 2.5% per annum on their Ordinary Account savings" [Link]. MAS said that price increases for all other major categories moderated slightly during May. Private road transport cost climbed by 8.1% in May, stronger than the 5.7% rise in the preceding month, mainly on account of the low base in May 2013. Petrol pump prices also edged up at a faster pace than in April. Accommodation cost rose by 0.9% compared to 1.1% in April, due to a slower pace of increase in rentals. Services inflation edged down to 2.5% from 2.7% in April, as holiday travel cost and health insurance premiums rose more moderately. Food inflation came in slightly lower at 3.0% in May compared to 3.1% in the previous month, reflecting a smaller increase in non-cooked food prices. Inflation as measured by CPI less rentals edged up to 3.1% in May from 2.9% in April, mainly reflecting the rise in private road transport cost. MAS Core Inflation, which excludes the cost of accommodation and private road transport, fell to 2.2% from 2.3% a month ago, due to lower contributions from services and food items. According to MAS, domestic cost pressures, particularly stemming from a tight labour market, are likely to remain the primary source of inflation. Taking these factors into account, MAS Core Inflation is projected to stay elevated at 2–3% in 2014, MAS said. "CPI-All Items inflation is expected to ease for the rest of 2014 with the dissipation of the base effect arising from the sharp correction in COE premiums in Q2 2013. For the whole year, car prices are likely to add negligibly to inflation. Given the large supply of newly-completed housing units, imputed rentals on OOA should stabilise this year. CPI-All Items inflation is projected to come in at 1.5–2.5% in 2014," said MAS.  Read More →

Philippine senator & son of ex-president charged

Philippine senator & son of ex-president charged

MANILA, Philippines (AP, 23 Jun) — A Philippine senator, the son of an ex-president, surrendered to police Monday after a court ordered his arrest on corruption charges, the second celebrity politician in days to end up in jail allegedly for plundering this poor Southeast Asian nation's coffers. Jinggoy Estrada was one of three senators indicted earlier this month on charges of receiving huge kickbacks from government development and anti-poverty funds. He arrived at the main police headquarters accompanied by his family, parents and supporters after the Sandiganbayan special anti-graft court issued an warrant for his arrest. Trailed by a mob of journalists, photographers and TV cameramen, Estrada first went to the house of his father, former president and now Manila Mayor Joseph Estrada. His young daughter wiped away tears, hugging her teary-eyed father as they left their upscale suburban Quezon City home. Estrada denied any wrongdoing and expressed confidence that he will be acquitted, and his lawyer, Alexis Abastillas, said she will ask the court to grant the senator bail, which is normally not given in such cases. "This is the last day of my freedom," he told reporters before surrendering. "I will fight for this case to my last breath." Estrada, a former movie actor, was charged with plunder along with his father in 2001, but was acquitted. His father, a hugely popular action movie actor, was convicted of plunder but was pardoned and won last year's mayoral election in the Philippine capital, Manila. The senior Estrada was president from 1998 to 2001. Sen. Estrada has been accused of receiving 183 million pesos ($4.2 million) in kickbacks in an alleged scam involving the diversion of millions of dollars from anti-poverty and development funds allotted to lawmakers for their pet projects. Corruption has plagued this poor Southeast Asian nation of 97 million for decades, fostered by a culture of impunity by powerful politicians and their allies, weak law enforcement and a slow justice system.   More in: http://www.foxnews.com/world/2014/06/23/philippine-senator-and-son-ex-president-charged-with-plunder-surrenders-to/    Read More →

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