Daily Archives: 2016-12-28

$324.2 billion owed to CPF members?

By Leong Sze Hian Straits Times in its article, “Why does Singapore have an external debt of US$1.766 trillion?” (Straits Times, Dec 28) explains Singapore’s US$1.766 trillion external debt by stating that “A Government article on the subject explains that Singapore does not borrow to spend. Instead, it invests all the proceeds which it has borrowed.” It further states, “The income which …

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Why the Medishield can not be used together with Co-Payment on Ward Scheme

A complaint was lodged by Mr Chew Chuan Seng via a letter on Lianhe Zaobao (6 December), asking why the Medishield cannot be used to pay hospitalization bill. Mr Chew wrote in his letter that he was informed he was inquired from the Central Provident Fund board in regards to details of a civil servant welfare scheme entitled, Co-Payment on Ward Scheme …

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SBF: Business climate worsened over the last 12 months with further decline expected

Two-thirds of businesses in Singapore say that the business climate has worsened over the last 12 months, with nearly half expecting a further decline in 2017, said Singapore Business Federation (SBF). However, SBF said that more can be done to mobilise companies for economic transformation According to the latest National Business Survey 2016/2017 conducted by the Singapore Business Federation (SBF), nearly two-thirds …

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SBS Transit: 18 bus services to be diverted this weekend

SBS Transit has announced that the routes of 18 bus services will be diverted due to road closures this weekend. It said that from 6.00pm on Saturday (31 December 2016) to 1.00am on Sunday (1 January 2017), three bus services – 99, 240 and 246 – will skip eight bus stops along Boon Lay Drive, Boon Lay Place and Corporation …

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What would we have done if the Berlin attack took place here in Singapore?

By Teo Soh Lung Watching Chancellor Angela Merkel handle the horrific tragedy in Berlin on BBC, I am full of admiration for her. She was calm despite the enormous responsibility and the increased blame that would be cast upon her for welcoming refugees. She acknowledged and expressed that fear openly and solemnly laid flowers at the site of the tragedy. …

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Bright US data sends equities to near record highs

By Margaret Yang, CMC Markets Post-Christmas US economic data showed that consumer confidence and home prices are on the upward track, boosting market sentiment in the last few trading days of 2016. US equities closed higher on Tuesday, led by a strong performance in technology stocks. The Nasdaq Index ended at a new record high of 5,487 points. The US …

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