By Chris Kuan Sparring partner and friend Cynical Investor wondered why the more you leave in CPF for your retirement, the less you get proportionately from CPF LIFE payouts from age 65. https://atans1.wordpress.com/2016/0.... Here is what CPF shows us As seen, the FRS is double the BRS but the pay-out is less than double. The ERS is triple the BRS …
Read More »
By The Economist Intelligence Unit (EIU) Singapore retains its title as the world’s most expensive city for a third year in a row, but its lead over the next two cities in the ranking has nearly evaporated. Zurich and Hong Kong follow closely in joint second place, with Hong Kong climbing seven places up the ranking in the last 12 …
Read More »
By 99.co Singapore’s high-end property market took a beating in 2015 on the back of the Additional Buyers Stamp Duty (ABSD). The ABSD imposed an added 15 per cent tax on home prices for foreigners and this drove affluent foreign buyers to seek alternatives in the region – primarily Hong Kong and Australia. Along with a teetering global economy, this …
Read More »
By Margaret Yang New Zealand’s central bank again lowered the official interest rate by another 25 base points (bps) to 2.25% at 4am Singapore time this morning. Kiwi (NZD/USD) fell more than 130 price interest points (pips) to 0.6640 after this announcement. Prior to this, 65% of the analysts expected the rate to be unchanged this time according to a …
Read More »
The Land Transport Authority (LTA) received 7,864 bids at the end of the March first open bidding exercise for Certificates of Entitlement (COEs). Of these, 3,985 were successful. Cat A quota in the whole of 2013 is only 8,534. We are only the 5th bidding round into 2016 and Cat A quota released so far this year (9,438) has already …
Read More »
One day before opening night, the authorities rated The Necessary Stage and Drama Box's play R18. The reason was that its socio-political content was more suitable for "mature audiences". But everyone should get the chance to consider the questions this show poses. Haresh Sharma, resident playwright at The Necessary Stage, described their latest play Manifesto as one that would challenge …
Read More »
The Online Citizen A Community of Singaporeans