My point: Maid levy

The Straits Times; Published on Mar 21, 2012
My point: Maid levy
'Only women are eligible to claim tax relief. This is unfair and discriminates against divorced fathers.'
MR ALEX BAY: 'I am divorced and my children live with me. In my situation, a maid is an essential help as we do not have any other family member living with us. But when I checked with the Inland Revenue Authority of Singapore, I was told only women are eligible to claim tax relief for the maid levy. This is unfair and discriminates against divorced fathers like me. The Government should review the eligibility of this relief to be fair to all working parents who are caring for their children.'

Bank shouldn't be so blase about releasing personal details

The Straits Times; Published on Mar 21, 2012
Bank shouldn't be so blase about releasing personal details
MY MOTHER received a call last week from an agent claiming to represent insurer Aviva who told her that DBS Bank had furnished Aviva with her personal details such as her account and identity card numbers and address.

Inflation data

[Source]

Protect CPF savings from inflation

The Straits Times; Published on Mar 8, 2012
Protect CPF savings from inflation
TO ENSURE the adequacy of retirement funds, Central Provident Fund (CPF) members should consider their 'real' returns on CPF savings, after subtracting inflation, which reduces future purchasing power ('CPF Life: Wouldn't the monthly payout be eroded by inflation?' by Mr Christopher Teng; yesterday).
The Minimum Sum is adjusted for inflation, yet the Ordinary Account (OA) and Special Account (SA) 'nominal' interest rates are not; and neither, it seems, are the CPF Life payouts, which thus create significant exposure to inflation.

CPF Life: 'Wouldn't the monthly payout be eroded by inflation?'

The Straits Times; Published on Mar 7, 2012
My point
CPF Life: 'Wouldn't the monthly payout be eroded by inflation?'
MR CHRISTOPHER TENG: 'It is good that the CPF Life scheme has been simplified ('CPF Life plans to be simplified from 4 to 2'; yesterday).

CPF Life scheme to be simplified from 4 to 2 options

The Straits Times; Published on Mar 5, 2012
THARMAN SHANMUGARATNAM, CPF
CPF Life scheme to be simplified from 4 to 2 options
By Tessa Wong
The CPF Life annuity scheme, which provides retirees with a lifelong monthly payout, will be simplified to make it easier for Central Provident Fund (CPF) members to choose what scheme they want.

July 13, 2005: Mrs Goh: I've full trust in NKF and its CEO

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July 13, 2005: 
Mrs Goh: I've full trust in NKF and its CEO THE NKF's patron, Mrs Goh Chok Tong, told reporters at the close of the case that she had complete trust in the organisation and its chief executive, Mr T.T. Durai.
She had come to court on both days of the hearing and sat on the NKF side. Yesterday, she was there for part of the morning and again in the afternoon.

MediShield premiums could rise, Health Minister says

MediShield premiums could rise, Health Minister says
Updated 02:29 PM Mar 07, 2012
SINGAPORE - Health Minister Gan Kim Yong said MediShield premiums are due for an increase soon.
Mr Gan, speaking in Parliament at the Committee of Supply debates today, said the premiums "need to be adequate to sustain MediShield members' claims and to fund future liabilities under the scheme".

New ways to raise revenue needed, says DPM Tharman

New ways to raise revenue needed, says DPM Tharman
04:46 AM Mar 02, 2012
by Neo Chai Chin
SINGAPORE - As the Government ramps up healthcare spending, keeps up social mobility and gives a leg-up to society's lowest wage earners, it will also need to find new ways of raising revenue after 2016, said Deputy Prime Minister Tharman Shanmugaratnam yesterday as he wrapped up the three-day Budget debate.
Even as he affirmed a judicious spending approach to avoid a heavy tax burden on middle-income earners, he rolled out examples to illustrate how the Government has addressed inequality, while promising to look into suggestions raised by Members of Parliament.

Rogue lawyer's victims recover 60% of losses

Rogue lawyer's victims recover 60% of losses
Source: Straits Times; Date: 06 Mar 2012; Author: K C Vijayan