Indian PM, Modi visits Singapore at PM Lee’s invitation

Indian Prime Minister Narendra Modi begins his three-day official visit to Singapore today (31 May) at the invitation of Prime Minister Lee Hsien Loong. Together with PM Lee, Mr Modi will start by attending a business event at the Marina Bay Sands Convention Centre today, featuring some of the fintech exhibits. Mr Modi’s three-year-old push to digitise India can open …

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PAP TCs to increase conservancy charges from 1 June as second-tier increment

It has been announced earlier that service and conservancy charges (S&CC) at all 15 People’s Action Party (PAP) town councils (TCs) will be increased from tomorrow (1 Jun) for the second time in two years. The 15 PAP Town Councils involved are: Ang Mo Kio Bishan-Toa Payoh Chua Chu Kang East Coast-Fengshan Holland-Bukit Panjang Jalan Besar Jurong-Clementi Marine Parade Marsiling-Yew …

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ST: Buy private insurance to supplement mandatory CareShield Life if payouts not enough

Concerned with the backlash the govt is getting with regard to the recently announced CareShield Life disability insurance scheme, which would be made compulsory for all Singaporeans turned 30, Straits Times quickly published a sub-editorial on its second page to support CareShield Life (‘Paying now for care in future’, 30 May). ST Senior Health Correspondent Salma Khalik reminded Singaporeans that …

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Relationship between India and S’pore sours further with SGX and NSE abandoning talks

Bloomberg reported yesterday (28 May) that the Singapore Exchange SGX and the Indian National Stock Exchange of India NSE have abandoned talks on a cross-border trading link, amid a bitter court battle that’s soured an 18-year partnership. The companies couldn’t reach consensus on issues including timing, regulatory guidelines and the resources required for the project, according to Bloomberg sources. Officials …

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MOH says 50% of Singaporeans could be disabled at 65 to justify CareShield Life

As part of its justification to launch a new mandatory disability insurance scheme, CareShield Life, Ministry of Health (MOH) said that “1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime, and may need long-term care”. “We need to plan for our future long-term care needs, but working out how much to save can be difficult given …

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