Minimum wage is necessary to achieve Minimum Sum
British started CPF, not PAP. The British colonial authority in Singapore introduced the CPF in 1955 as a compulsory savings scheme so as to allow workers to save for their retirement, 10 years after the end of the Japanese Occupation when people were struggling to make ends meet [CPF site -link]. So I hope that the Singaporeans...
EPF superior to CPF in many ways
The Armchair Anarchist was penning an article on the performance of Malaysia’s EPF relative to that of our CPF when Leong SzeHian’s article “Alternative Daily News (59): Losing $313b of our CPF?” appeared. Among the commentators, this one from @Leong Sze - finance?? caught my attention because he seems to have telepathy...
Welfare: Govt still missing the point
Two Saturdays ago, I blogged: After the general election (GE) in May, Malaysia was put on notice by the international rating agencies that it had to get its fiscal discipline right. Prime Minister Najib Razak responded by first cutting fuel subsidies and raising petrol prices by 10 per cent in September. In his October Budget,...
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