Opinion

$5 benefit for every tax dollar a fairytale?

~ By Leong Sze Hian ~ I refer to the article “How 2-room households get $5 for every $1 tax” (Straits Times, Apr 10). According to the report, a household income of $1,200 income can buy resale flat? How likely is it for the example given of a low-income household which has a combined income of $1,200 (excluding employer CPF …

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Fuel cost price goes down but tariff goes up!

~ By Leong Sze Hian ~ I refer to the Energy Market Authority’s (EMA) reply “Power tariff increases in line with fuel prices: EMA” (Straits Times, Apr 7) to my letter Power tariff peg to fuel prices raises question over latest hike” (Straits Times, Apr 3). It states that “While Singapore is a price-taker when it comes to fuel costs; …

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Measure outcomes not effort

~ By Leon Perera ~ The current national moment of urgency in solving social problems is welcome and long-overdue. In Budget 2012 and the 2011 General Elections, no question loomed larger. But whether it is about retirement adequacy, healthcare affordability or helping the poor, the same questions tend to be asked: “Is the government doing enough?” followed by “What more …

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There must be a public-private divide

~ By Ghui ~ I read about the Net Economic Value (NEV) framework getting scrapped with great interest ('Framework to get civil servants to watch financials dropped', TODAY, 06 Apr 2012). I never really understood its practical relevance when it was first bandied about a decade ago. While it sounded good on paper, it was a concept that did not …

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Hong Kong government smarter than million-dollar PAP

~ By David L K See ~ (1)  How the Hong Kong government protected the interests of its own citizens 1.1  "HK overturns landmark ruling on foreign maids"  (My Paper, 29 Mar 2012, page A2) A landmark lower-court ruling that would have let foreign maids gain permanent residency in Hong Kong was overturned on appeal yesterday (by a three-member panel …

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STI-3000: Deal or no deal?

~ By Narayana Narayana ~ I refer to the Hock Lock Siew article "STI hitting 3,000 or not: It's no big deal, really" which was published in the Business Times of 27 March 2012. The STI-3000 level may understandably appear blase to the experienced writer, with his decades of involvement covering the stock market, but his facetious comment that it …

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Not Many Native Singaporeans Left?

~ By Jen ~ At a dinner party recently, we were conversing about how Singaporeans are different from other Asians when a young Malaysian who works here made a totally unexpected remark: “Well, there are not that many native Singaporeans left here anyway!” That really hit home and stung. As I mulled over her left-field comment, I realised that I …

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Credit card debt seems to be 'ever-growing'

~ By Leong Sze Hian ~ I refer to the article “More paid credit card bills on time last year, says credit bureau” (Today, Mar 30) which states that “The number of consumers who missed their credit card payments hit a record low last year, according to the Credit Bureau Singapore (CBS). Figures released by the CBS yesterday showed that …

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