Finance

Developer invited you to play “Project Discount”

By Property Soul To survive the cooling measures, property developers have no choice but to constantly come up with creative ways to move their units from the shelves. Buyers are a rare species Where can they find that rare species called buyers who possess all of the following? Can afford the hefty cash downpayment of units in new projects; Are …

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Should property owners be happy about the new Thomson-East Coast Line?

By Property Soul On August 15, the Land Transport Authority and Singapore Land Authority issued a joint press release that Singapore is going to have a sixth MRT line known as the Thomson-East Coast Line (TEL). This is a follow-up on the Jan 2013 announcement about the construction of two new MRT lines previously known as Thomson Line and Eastern …

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Singapore Flyer sold to Straco Leisure

By Howard Lee The iconic Singapore Flyer has been sold to Straco Leisure, a subsidiary of Straco Corporation, for S$140 million today (28 August). Mr Tim Reid, the receiver of Singapore Flyer, was quoted by media as saying that both parties are “confident that the prospects of the Flyer are extremely exciting under the new ownership”. Straco Corporation has experiencing running …

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Central banks, the real creators of economic crises?

By Benedict Chong “A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.” – Ron Paul Every great financial crisis has its roots and consequence. The latest Great Financial Recession in 2008 was triggered by widespread …

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Trans-Pacific Partnership: The demise of our enquiry?

By Dr Wee Teck Young I wonder what Singaporeans will think of the international humanitarian organization Doctors Without Borders/Médecins Sans Frontières’ warning on the 7th of July, 2014, that ‘the Trans-Pacific Partnership will further erode access to life saving medicines in all countries involved in the deal, hitting poor and vulnerable people the hardest’. Do we presume that governments and …

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BER: Singapore set to remain the world’s most investor friendly in 2014

The Economist Intelligent Unit – For all the talk about the potential of emerging markets, developed economies in North America, Western Europe and Asia remain the best places to do business, according to The Economist Intelligence Unit’s latest Business Environment Rankings (BER). Singapore looks set to remain the world’s most investor-friendly location in 2014-18, retaining its number-one spot from the …

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Our CPF system has a big problem: Lim Swee Say, 2007

In 2007, Parliament debated the issue of “CPF reforms and other measures for a secure retirement.” The secretary general of the NTUC, Lim Swee Say, spoke of what the union faced, and its worries in helping workers be able to afford retirement. Below is an extract of his speech, which you can read in full here.   Lim Swee Say …

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Allow workers to withdraw part of CPF savings at 55: Lim Boon Heng, 1984

In 1984, Parliament debated the recommendations of the Committee on the Problems of the Aged, a Blue Paper by the Ministry of Health. In that debate, Mr Lim Boon Heng, then Member of Parliament for Kebun Baru, spoke on the proposed changes to the Central Provident Fund scheme – in particular, the proposed raising of the withdrawal age from 55 to …

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New Initiatives to promote the international use of Renminbi through Singapore

Singapore, 13 June 2014 -The Monetary Authority of Singapore (MAS) announced today that a facility for providing overnight Renminbi (RMB) liquidity to financial institutions in  Singapore will be launched on 1 July 2014. MAS also welcomed the directive issued today by the People’s Bank of China (PBC) Nanjing branch that will allow eligible corporates and individuals in the Suzhou Industrial …

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