Daily Archives: 2018-07-02

Early Childhood Development Agency to review preschool subsidy framework

Social and Family Development Minister Desmond Lee stated on Sunday (1 July) that the Early Childhood Development Agency (ECDA) will be reviewing its preschool subsidy framework. Under the current framework, eligible households can receive up to S$740 in childcare subsidies per month. The amount a family receives depends on their household income. The framework saw an increase of at least S$100 in …

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Remaining Malaysian Cabinet Ministers sworn in

KUALA LUMPUR, 2 July — A total of 13 ministers and 23 deputy ministers were sworn in before the Yang Di-Pertuan Agong, Sultan Muhammad V at the ceremony at the Istana Negara in the capital city. Among the Cabinet Ministers who were sworn in today were Datuk Saifuddin Abdullah as Foreign Affairs Minister, Dr Xavier Jayakumar as Natural Resources and …

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Edwin Tong’s denial of conflict in acting for Kong Hee is flawed

I note that Minister of State, Edwin Tong has denied that there was a conflict interest between his political interests and acting as defense counsel for disgraced pastor of City Harvest, Kong Hee. While he was not a minister at the time of Kong Hee's hearing, he was still a member of Parliament with direct influence on our legislation given …

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Flash estimate of 2nd Quarter 2018 HDB Resale Price Index

In its flash estimate of resale prices for the second quarter released on Monday (2 July), the Housing and Development Board (HDB) said that the supply of new flats will be “reduced slightly”. HDB noted that the resale prices for flats inched up 0.1 per cent in the March to June period compared to the previous quarter, with the Resale Price …

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Monopsony – Predatory power to undercut wages

by Irene Choo It is often argued that influx of migrant increases domestic labour supply, depresses wages and curtails employment opportunities for native workers. Conversely, reducing the inflows of migrant would effectively reduce labour supply and stimulate wage growth. Unfortunately, labour market doesn’t work that way.  In reality, workers are paid very differently, even ones with similar skills and experience within …

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