Monthly Archives: February 2019

The CPF and HDB ticking timebombs

by Brad Bowyer The post on the comparison with Germany and Denmark sparked a lot of heated debate and brought one BIG and very worrying fact to the surface. But first a clarification because a lot of people got lost in the comparison of EVERYTHING about Germany and Denmark and micro analysing figures, but this is unimportant in the BIG …

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Rapid electricity tariff hikes: Protective measure for ‘gencos’ due to low demand and overcapacity?

The demand in Singapore’s electricity generation sector “has weakened” as “more industrial users pursue energy efficiency” such as solar power, in addition to a slowdown in Singapore’s economic growth, reported The Business Times in Apr last year. While Singapore’s power generation sector presently has a total capacity of 13,350 MW, the highest demand averaged only 7,000 MW up to Mar 2017. …

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2019 Budget does not address cost of living concerns at all

by Kok Ming Cheang The Straits Times (ST) published an article last Wednesday (20 February) titled “Budget addresses cost of living concerns, says Heng Swee Keat.” This statement by Finance Minister and PM-Designate Mr Hen Swee Keat cannot be further from the truth. In the “Ask The Finance Minister programm” televised over Channel Newsasia (CNA), Mr Heng fielded questions from …

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Criticising the PAP is now “undermining national unity”?

by Khush Chopra In Parliament yesterday (26 Feb 2019), Member of Parliament and Workers’ Party chief Pritam Singh brought the Merdeka Generation Package (MGP) and its timing into sharp focus on day one of the Budget debate yesterday. Pritam Singh rightfully questioned the timing of the MGP. He questioned the government during the Budget debate about the “the ground feel” …

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Netizens support MP Pritam Singh for questioning the “timeliness” of the Merdeka Generation Package

In the Parliament session on Tuesday (26 February), Workers’ Party (WP) chief Pritam Singh felt that although the Merdeka Generation Package’s “ground feel” is to help senior citizens with their medical bills, but it seems less generous than the Pioneer Generation Package. “There are also quarters who conclude that it is pungently timed with the election cycle, giving off the …

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Did the Standing Committee on Disbarment take action against ST Marine following corruption convictions?

According to the Standing Committee on Disbarment (SCOD), chaired by the Deputy Secretary of Finance (or his deputy), corruption offences are investigated by the Corrupt Practices Investigations Bureau (CPIB) and where appropriate, the CPIB will recommend for debarment of companies that have been convicted by the Court of corruption. The SCOD comprises of deputy secretaries from various ministries, Attorney General/deputy AG …

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New politician on the block gets swarmed by IBs on CPF post

Brad Bowyer, a member of the People’s Voice Party took his Facebook account on Tuesday (26 February) to question why Singapore’s Central Provident Fund (CPF) is giving lesser returns to retirees compared to other countries whose funds are much smaller than Singapore’s. He revealed that the size of Singapore’s CPF fund as of Q3 was S$383.9 billion, which is equivalent …

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