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Retired banker Chris Kuan wonders if Hyflux was a victim of regulatory excesses like awarding too much contracts to ensure a peak reserve margin of 30%

On Tuesday (5 March), the national water agency Public Utility Board sent a default notice to Tuaspring Pte Ltd (TPL), a subsidiary of Hyflux, to fix defaults arising under the Water Purchase Agreement (WPA) between PUB and TPL. The authority announced that TPL is to resolve all defaults within the default notice period and failing to do so, will result …

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Mixed reaction from public over the move to abolish secondary school streaming

By 2024, the Ministry of Education (MOE) will put a complete stop to Normal (Technical), Normal (Academic) and Express streams in secondary schools. Instead, students will be embarking on a subject-based banding where they will be taking up subjects at higher or lower levels, based on their strengths. After implementing the old system for about four decades, Education Minister Ong …

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Netizens support MP Pritam Singh for questioning the “timeliness” of the Merdeka Generation Package

In the Parliament session on Tuesday (26 February), Workers’ Party (WP) chief Pritam Singh felt that although the Merdeka Generation Package’s “ground feel” is to help senior citizens with their medical bills, but it seems less generous than the Pioneer Generation Package. “There are also quarters who conclude that it is pungently timed with the election cycle, giving off the …

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New politician on the block gets swarmed by IBs on CPF post

Brad Bowyer, a member of the People’s Voice Party took his Facebook account on Tuesday (26 February) to question why Singapore’s Central Provident Fund (CPF) is giving lesser returns to retirees compared to other countries whose funds are much smaller than Singapore’s. He revealed that the size of Singapore’s CPF fund as of Q3 was S$383.9 billion, which is equivalent …

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