Opinion

How to deal with rising health care cost – Part I

~ By: Tan Kin Lian~ Many people are worried about the rising health care cost when they get old. They asked for my advice on the type of insurance that they can buy to cover these expenses. Insurance I want to be frank. Insurance may NOT be the answer. Here are my reason insurance works on the principle of risk …

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Lee Kuan Yew – The Man and his Legacy

~By: Gordon Lee~ First, in 2004, it was the Lee Kuan Yew School of Public Policy within the NUS. Then from 2008, it was the Lee Kuan Yew Water Prize. From 2010, it was the Lee Kuan Yew World City Prize. In 2011, it was the Lee Kuan Yew Centre for Innovative Cities in the new University (SUTD). This month, …

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A Rethink of CPF Life

~By: Tan Kin Lian~   From 2013, the Government will be offering only two plans under CPF Life, instead of the four plans that are available now.    There are still a lot of doubts about the two plans, i.e. the diminishing amount of the bequest as the years go by, and the question of who bears the subsidy given to people …

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Singapore is Asia’s most competitive city: New EIU report

~by: Sudhir Thomas Vadaketh~ Singapore is the most competitive city in Asia and third globally after New York and London, out of 120 of the world’s major cities, according to a new report from the Economist Intelligence Unit (EIU). The research, Hot Spots: Benchmarking Global City Competitiveness, was commissioned by Citi and is available for download here. Competitiveness is a …

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Singapore will not spiral downward with a two-party system

~by: Douglas See~ What a non-Singaporean thinks of a two-party system would be one that is typical of that in US; two dominant parties in politics, where any other parties has a rare chance of winning elections (even though it can influence the two dominant parties).   From a Singaporean perspective, however, the meaning greatly differs. Here, two-party system refers …

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How many foreign students paying full fees?

A reader sent us some information about the tuition fees of foreign students in the universities. Foreign students’ fees: TBC? When I opened the reader’s first document, I was struck by the increase in tuition fees for this year at a local university for Singaporean and permanent resident (PR) graduate students, that for foreign students it showed “TBC”, which means …

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Never-ending need for donations

~by: Leong Sze Hian~ I refer to the article “Donations to CDCs up 5% to S$10.9m” (Today, Feb 28).  The joint press release by the Community Development Councils (CDCs) states that “A total of $10.9 million was attracted in community and corporate donations in 2011, up from $10.4 million in 2010. In particular, the proportion of donations from corporate companies had …

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Spend $30 million to disburse $61 million?

~by: Leong Sze Hian~ I refer to the increase in funding to family service centres of about $100 million, over the next three years (“More family service centres, extra $30m funding in coming years”, (Straits Times, Feb 9). This works out to an annual funding of about $33.3 million. According to ComCare's annual report for the financial year 2010 which ended …

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Why can't SBS raise money through issuing more shares?

  ~by: Sharon Ng~ Much has been said on why the S$1.1B injection into SBS Transit is wrong. Since SBS Transit operates 75% of the bus fleet in Singapore, I will take a quick look at the financials of SBS Transit. According to the annual report available on the SBS Transit website, it can be seen that the group has …

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