Daily Archives: 2014-05-30

CPF’s Puzzling Investment Philosophy

By Gangasudhan / Image from Monetary Authority of Singapore The Central Provident Fund (CPF) Board invests the monies in the CPF into Special Singapore Government Securities (SSGS) which are guaranteed by the government but can only be used for investment purposes (and not government spending). The money itself thus becomes the funds of the Monetary Authority of Singapore (MAS) which then invests in …

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Position paper by arts groups to reject MDA’s new arts term licensing scheme

By Terry Xu A total of forty-five arts groups have come together to reject Media Development Authority (MDA)'s new Arts Term Licensing Scheme with a position paper published on the artists' network Arts Engage. This comes after a post at Arts Engage, "Artists in Singapore are mostly against the scheme" published on 25th May by local artists to voice against the new scheme. MDA …

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If the govt do not take risk in CPF then who?

By SY Lee and Leong Sze Hian We refer to the article “Parliament: Government has been looking at enhancing CPF Life “for a long time”” (Straits Times, May 29). The article states that Prime Minister Lee Hsien Loong has said the Government has been looking at how to improve the scheme “for a long time", a day after He had said …

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How many ex-Singaporeans, PRs and foreigners back to Singapore and worked?

By SY Lee and Leong Sze Hian We refer to the article “CPF members leaving S’pore withdrew more than $400m each year from 2003 to 2013” (Channel NewsAsia, May 29). CPF: $426m withdrawn a year by those who leave Singapore? The article wrote that Mr Tan Chuan Jin, Minister for Manpower states that from 2003 to 2013, Central Provident Fund …

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Smearing Roy’s name

In a report on 29 May, Straits Times reporter Lee Jian Xuan wrote about Mr Roy Ngerng’s background. Mr Ngerng is, of course, the man of the moment, being sued by no less than Mr Lee Hsien Loong, who happens to be the Prime Minister of Singapore. The lawsuit is over Mr Ngerng’s blog post on the CPF issue, with …

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Govt should seek to engage civil society organisations and groups

Speech by Nominated Member of Parliament,  Janice Koh at the Debate on the President's Address on 29 May 2014 Thank you, Madam Speaker, for the opportunity to speak on the Motion to thank the President for his Address. Madam, the landscape for governance will be more complex and involve more players in the second half-century of our nation’s life than …

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$400m withdrawn each year by CPF members leaving S’pore

On Thursday, 29 May, Channel Newsasia (CNA) reported the Minister of Manpower Tan Chuan Jin as having said that “the Government does not track the number of Permanent Residents (PRs) who withdraw their CPF monies when they leave Singapore for good.” It also reported Mr Tan as having said that “there is nothing to stop PRs from continuing to own …

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