fbpx

Monthly Archives: February 2013

The missing passion

By Wang JC When we were young, we drew national flags during national day celebration. I had vivid memories. I always make sure i draw a nice rectangle shape. Try to colour the red properly and took time to not colour red over the white stars and crescent. Interestingly, as a young boy, i felt a sense of responsibility as a citizen …

Read More »

New Budget and Old Asset Rich Folks

By Dr Yuen Chung Kwong Singapore has one of the highest per capita wealth index in the world, largely a reflection of high property prices and a high level of real estate ownership. Yet, few people feel they are rich, because most people do not have large amounts of disposable cash - one might live in a high price home …

Read More »

What the Budget means for a lower-income Singaporean? (Part 2)

By Leong Sze Hian My name is Jane (not my real name). I am a 33 year old Singaporean worker with a basic pay of $500 a month. With overtime and allowances, I can earn as much as $1,900 because my normal work hours are 12 hours a day for six days in a week. How many low-income workers? I understand …

Read More »

New Budget and Old COE Prices

By Dr Yuen Chung Kwong The diagram above plots the average successful bid prices for Certificates of Entitlement for the most popular category of cars (i.e., under 1600cc in engine size), from the introduction of the COE system in early 1990 to January 2013 at 6-month intervals. Note that the category also includes certificates for taxis, also that before mid …

Read More »

Suffocating car prices with shorter loan period

By Terry Xu Under the Budget 2013 measures announced on Monday, vehicle buyers will now have a maximum of five years instead of the original ten years to service their car loans. They would also have to foot a down payment of 40 per cent or more for a new vehicle. And apart from these two, there will be additional increase …

Read More »

Flawed aspect of benefit allocation in Budget 2013

By Mohamed Kassim Abd Rahman Let me write on some issues which I find other Singaporeans and the government need to review with regards to our recently announced Budget 2013. Singapore Budget 2013: Flawed to allocate benefits based on housing type. The Current Budget 2013 as announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam again uses the type …

Read More »

What the Budget means for a lower-income Singaporean?

By Leong Sze Hian My name is John (not my real name). I am a 33 year old Singaporean worker earning $750 a month. Disposable income drop? Before the budget announcement, my take-home pay, after my 16 per cent employee CPF contribution was $630. After the budget’s changes, with the eventual full restoration of my employee CPF contribution rate from 16 …

Read More »

From Drumsticks to Chickens

By: Travis Tan The dust has settled somewhat on the Population White Paper.  It is perhaps time to really examine this document especially in light of the on-going Budget debate because, fundamentally, the key tenet of this Population White Paper is whether the Government can deliver on the accompanying infrastructure development plan to buffer the impact of a rise in …

Read More »

The accident that left a girl never the same again

By Terry Xu The Online Citizen was approached by a family to share their story of the accident that had largely affected their life. Last year on the 24th November 2012, 8.45pm. Regina was riding on her friend's bicycle as a pillion rider for dinner and when they cycled to the junction between Balestier Road and Moulmein Road, they were knocked …

Read More »

Budget 2013: Real wages will increase? Disposable income drop for some?

By Leong Sze Hian I refer to the Budget 2013 speech. Employers will share productivity gains? The core strategy to increase the real wages of lower-income Singaporeans may be fundamentally flawed, because of the assumption that employers will share most of their productivity gains (even if they are achieved) with workers by increasing their wages. With rising costs from higher foreign …

Read More »