The covid-19 recession will hit the middle class hard and the middle class will suffer the most when retired. If you belong to the middle-income class, please read on. How much do you need for retirement? Financial experts have given a figure of around S$750,000 to S$1million. This looks like an amount that many of…
Month: June 2020
Why Are Our HDB Flats So Copied By Other Countries?
Why are our HDB flats so copied by other countries? Travel to China, Vietnam and a few Asian countries and one will find many buildings with their infrastructure very similar to Singapore’s HDB. All around the world, countries have been studying Singapore’s model of housing. Implementation is easier said than done. Between 1955 and…
Singapore Has Better Minimum Wage
Who says Singapore does not have minimum wage? We have a form of minimum wage and something BETTER! Progressive Wage Model The Progressive Wage Model (PWM) requires companies to pay workers base wages or they won’t get a licence to run their business. Why is this model better than minimum wage? Because it includes…
GST saves our beloved grandparents and parents!
The main goal for GST is to provide our beloved grandparents and parents the healthcare they will increasingly need. As our grandparents and parents retire, Singapore’s labour force participation rate is expected to decline and, with it, income and spending. While social welfare for Singapore’s elderly people has grown greatly in line with her aging…
He Paid Zero Cash For His Heart Surgery
He paid zero cash for his emergency heart surgery performed during the covid-19 pandemic. “ Wo mai ka jiao ba lan! Hou ba lan qua yi se seng! (I don’t want to disrupt others! Let the others see the doctors first!) ”. Like most of the pioneer generation, 80-year- old Mr Tan is a…
I received my third government payout of $1200 today.
I am Macik Asiah. I am 59 years. I received the third government payout today. The first was in April. The second was in May. the third this month. Very happy. Also relieved. I am a single mum with two parents and a son. I work as a baker to feed the mouths at…
Thoughts of a Singaporean. A contribution by a Lovely Reader
This is me! Very inspired by many of my friends. In the midst of covid-19, some take up courses to study or learn a new skill, some start up new businesses, some embark on a strict health regime to get fit, some bless others with food, stay engaged with technology to maintain the friendship, they…