Daily Archives: 2008-02-26

Bitter medicine prescription – with a little spin thrown in

Breaking News: Feb 27: Freeze on government fees extended till end of 2008. The one-year freeze on government fees which kicked in last July will be extended till the end of 2008. This will include fees charged on all government-provided services such as school fees, ITE and polytechnic fees, charges in public car parks, and all licence fees. (Channel NewsAsia) …

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CPF Life – does it really address retirement needs?

By Leong Sze Hian I refer to the article “Income that stretches a lifetime, under new scheme” (BT, Feb 13). Under the old CPF system, a minimum sum (MS) of $ 67,000 at age 55, at the old guaranteed interest rate of 4 per cent, can provide a monthly payout of $ 600, from age 65 to 85. Under the …

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