Current Affairs

Ms Teo hints CPF Minimum Sum may be raised again; CPF payouts not enough for basic standard of living

Speaking at NUS Faculty of Arts and Social Sciences 90th anniversary gala dinner held at Carlton Hotel yesterday (15 Nov), Manpower Minister Josephine Teo hinted that CPF Minimum Sum may be raised again. It is important to help Singaporeans save more for retirement adequacy, she said. To meet their needs, especially as Singaporeans live longer, the CPF basic retirement sum should …

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Hong Kong protesters defy Xi with pro-democracy rallies

by Yan ZHAO / Catherine LAI Hong Kong pro-democracy protesters defied a warning by China’s President Xi Jinping and again took to the city’s streets on Friday, as the political turmoil seeped out to London where a minister from the Southern Chinese city was confronted by masked demonstrators. Hong Kong has seen relentless protests since June as many in the …

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John Oliver talks about the chilling effects of SLAPP suits, calls it “an attempt to bully people into silence”

In the latest episode of late-night American talk show “Last Week Tonight” that aired on Sunday (10 November), its host John Oliver spoke about the controversial SLAPP laws and its chilling effect as it allows privileged individuals to bully others “into silence”. He started off the episode by talking about American coal tycoon Bob Murray who had recently dropped the …

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CPF rejects application of 56-year old heart patient to withdraw from his CPF account, saying he is ‘not physically incapacitated’

“I didn’t ask for government welfare. I just want to take out my own money and save myself. I feel so helpless. What happened to the Singapore government?” Mr Sim Kay Chuan, a 56-year-old Singaporean who suffered from heart problems in 2015 had an operation two years ago, leaving his heart’s left ventricular ejection fraction (LVEF) at 37% performance. The normal …

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Deliveroo unveils details of trade-in grant scheme to support its e-scooter delivery riders during transition period

Following the ban – which came into commencement on 5 November – that prohibits the riding of e-scooters on all footpaths, the government introduced a nationwide S$7 million programme to help food delivery riders trade-in their personal mobility devices (PMDs) for alternative devices, offering a grant of up to S$1,000 per person depending on the alternative device of their choosing. …

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Singtel suffers 1st quarterly loss with Bharti Airtel investment through CECA

It was reported by the media yesterday (14 Nov) that Singtel posted its first quarterly loss of S$668 million in its 2Q result ending 30 Sep (‘Singtel posts first quarterly loss of S$668m on Airtel provision‘). This was primarily due to provision made for huge losses incurred by Bharti Airtel, the Indian telco which Singtel invested in. Excluding Airtel, net …

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Hong Kong DBS branch vandalised with graffiti containing vulgarities against PM Lee and PAP, graffiti removed upon discovery

A DBS Bank branch in Hong Kong was vandalised with vulgarities aimed at Prime Minister Lee Hsien Loong, his family and the People’s Action Party (PAP). The Straits Times reported on Fri (15 Nov) a spokesperson for the Singapore bank as saying that the graffiti was removed upon discovery yesterday. Photos of the graffiti had first surfaced in a Facebook group …

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S$211 million in CPF money left unclaimed over the last six years; will more CPF members die before spending their hard-earned monies?

A total of S$211 million has been left unclaimed with the Insolvency and Public Trustee’s Office (IPTO) over the last six years, largely made up of Central Provident Fund (CPF) money. The monies were left behind by people who died with no benefactor nominated. The IPTO received S$63.2 million of unnominated CPF money last year alone, belonging to 3,450 individuals. …

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