Finance

Are NTUC/PCF childcare operators really ‘non-profit’ entities?

By TR EMERITUS – Last month, NCMP Yee Jenn Jong of The Workers’ Party outlined an alternative proposal for affordable and good quality childcare by involving all existing operators in a contestable public good model for childcare. He argued that the proposal will bring down the cost of childcare for all operators (‘WP’s proposal for transforming the child care sector‘). …

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NTUC Income aims to redefine how insurance is transacted in Singapore

PRESS RELEASE. NTUC Income declares ambition to make insurance simple, honest and different for customers Insurer aims to set new industry standards and redefine how insurance is bought and sold "Every person has a right to information that can be understood after a single reading, and every institution has the responsibility to communicate clearly. NTUC Income has achieved more Crystal …

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The never ending story of low productivity?

By Leong Sze Hian – I refer to the article "Productivity rates a matter of concern" (Straits Times, Sep 13). It states that "Last year, labour productivity here grew by an average of 1 per cent over the year, but shrunk by 0.5 per cent in the last quarter. In the first three months of this year, it continued the …

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Help housewives and retirees become security guards?

By Leong Sze Hian – The Workforce Development Agency (WDA) has launched a new initiative to help security firms to recruit housewives and retirees. They will be trained to work part-time for six to eight hours of work each day, up to six days a week, and they can expect to earn between $600 and $800 a month. Pay $4 …

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Does increasing social spending mean higher taxes?

By Leong Sze Hian – I refer to the article "Social spending – where will money come from?" (Straits Times, Sep 4).   How much total reserves? It states that "If you add the three pools of reserves up, you get about $800 billion. A very modest 2 per cent return on that comes up to $16 billion a year. …

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Easier to get jobs?

By Leong Sze Hian – I refer to the article “More people finding jobs through CDC career centres” (Straits Times, Aug 17). It states that “More job seekers are finding employment through the career centres of their local community development councils (CDCs), with 3,300 people placed in the second quarter of this year. More or less people get jobs? This …

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Singapore Bets on Casino Revenues

By Chun Han Wong – City-State Hopes for Economic Jackpot While Guarding Against Social Ills SINGAPORE—Two years ago, Singapore launched its first casinos in a bold bet that it could bolster its economy without attracting social ills, such as organized crime and gambling addiction, that have plagued other casino capitals. Today, its two new casinos—Las Vegas Sands Corp.'s Marina Bay Sands and Genting …

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Auditor General: MOF breached Constitution Article 144 in January 2012

By Kenneth Jeyaretnam – The Auditor General’s Report for the financial year 2011/12. arrived in the President’s in- tray in July of this year and is now publicly available.   The  objective of the report is stated clearly in the mission statement that precedes it. “MISSION To audit and report to the President and Parliament, in accordance with the law, on the proper accounting of public moneys (sic) and use of public resources so …

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Pawn shop loans increase 81%

By Leong Sze Hian – Record pawn shop loans According to the Department of Statistics’ Monthly Digest of Statistics Singapore June 2012, pawn shop loans increased by its greatest margin ever in history.   338,600 pledges in just 1 month Pledges at pawnshops increased from 2.98 in 2010 to 3.5 million in 2011, and was 338,600 in the month of …

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Workfare: We want CPF, not cash?

By Leong Sze Hian – I refer to the article “Many low-wage workers prefer cash plus CPF mix” (Straits Times, Aug 11).   Only 14% prefer cash? It states that “Of the respondents, 47.8 per cent always picked the CPF combination package, regardless of the total sum. Only 14 per cent always preferred cash payments, found the study, which polled …

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