Correspondent

ST says 3 veteran ministers stepping down to be replaced by 4G ones

Straits Times reported on its papers today (14 Apr) that three veteran ministers will be stepping down when Parliament resumes on 7 May next month. Quoting its “sources”, ST identified the three to be: Trade and Industry Minister Lim Hng Kiang Manpower Minister Lim Swee Say Information and Communications Minister Yaacob Ibrahim ST wrote that “farewell plans are afoot at …

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MP Zainal: ‘graduate poor’ earning less than $2K a black swan in our labour landscape

A recent survey conducted by National University of Singapore (NUS)’s Lee Kuan Yew School of Public Policy, in partnership with Ong Teng Cheong Labour Leadership Institute, revealed worrying statistics of seriously underemployed Singaporean graduates. Out of 1,626 Singapore graduates surveyed, 4.3% were considered severely underemployed. Despite working full-time, these graduates, now forming a new class of Singaporeans called ‘graduate poor’, …

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HDB Chief: Pay the price of resale flat that commensurate with its lease

Another stake has just been driven into the heart of Asset Enhancement policy espoused by the People’s Action Party government. In 2011, just before General Election, then National Development Minister Mah Bow Tan told Singaporeans, “We’re proud of the asset enhancement policy. (It) has given almost all Singaporeans a home of their own… that grows in value over time.” Yesterday …

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While local grads can’t find jobs, Govt continues to fund foreign students studying here

TODAY published an article on Sunday (‘Lower pay, discrimination: Some of the hurdles facing private university grads‘, 8 Apr 2018) highlighting the difficulties faced by our private university graduates in getting jobs here. Francis (not his real name), who is a business and management graduate from SIM’s University of London (UOL) programme sent in resumes “almost every week”, but only …

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Was Mah Bow Tan right to say value of HDB flats would grow over time?

When Goh Chok Tong became Prime Minister in 1990, he introduced the “Asset Enhancement” policy, which was supposed to help enhance the prices of HDB flats for Singaporeans. This policy was continued with his successor as Prime Minister Lee Hsien Loong. PM Lee said at an international conference in 2010, “But the environment has changed.  Singaporeans’ aspirations have risen sharply.  …

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ST Forum: HDB flat as an investment for old age is no longer valid

On Tuesday (3 Apr), the Straits Times published a letter sent in by writer Ronnie Lim, who reported that many seniors who wanted to downgrade to studio apartments were “in a fix as they are unable to sell their old flats”. “The notion that owning a Housing Board flat is an investment for old age is no longer valid today,” …

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