IT’S THE ECONOMY LAH!

The root problem is the notion that economy growth must be maintained at all costs. Notice that I said, at all costs. How, you may ask? In order to “keep the economy afloat”, the low labour cost strategy has been adopted for as long as possible. While the Swiss cost of living persisted, labour costs have been kept artificially low. This has resulted in the that while we have to contend with high costs of living, we are being pushed into accepting lower wages “in order to remain competitive”.

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HISTORY OF FAST FOOD IN SINGAPORE

In 1983, fried seafood specialist Long John Silver’s was the next to arrive, eager to share the local market pie which proved to be successful ventures by A&W, McDonald’s and KFC. In the same year, French-styled bakery Délifrance made its debut here, but started with only wholesale catering for hotels, supermarkets and clubs. It was not until 1985 when it launched its first Café bakery at Clifford Centre, Raffles Place, followed by its first Le Bristo at Robinson Towers in 1989.

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DR NG ENG HEN: INDON WARSHIP USMAN HARUN BANNED FROM SINGAPORE

Singapore will ban the Indonesian warship, named after two marines who carried out a bombing in Orchard Road, from calling at the Republic's ports or naval bases. The Singapore Armed Forces, as "protectors of this nation", will also not sail alongside or undergo training exercises with the new Indonesian navy frigate, the KRI Usman Harun, said Defence Minister Ng Eng Hen, in response to MP Zaqy Mohamad (Chua Chu Kang GRC).

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PROF. MICHAEL SHERRADEN: CPF AN INNOVATIVE TOOL TO BUILD ASSETS

SINGAPORE'S Central Provident Fund (CPF) model is a "highly innovative" system which helps its people build assets, one of the world's top social development experts said yesterday. This is evident in how CPF provides security in retirement and can be used for health care, education, insurance, investments and home ownership, Professor Michael Sherraden told his 150-strong audience in a talk at the National University of Singapore (NUS).

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Mavis Hee makes guest appearance at Stefanie Sun’s concert

Local singer-songwriter Mavis Hee made a surprise appearance at Stefanie Sun’s second concert in Taipei on Saturday, and the pair sang Mavis’ popular classic ‘Moonlight in the City’ together. Stefanie mentioned during her ‘Kepler’ World Tour Concert that she would be inviting a guest star, and when she started singing ‘Moonlight in the City’, Mavis appeared on stage to join her in the song. Stefanie told her: “I’m so happy – I’ve always liked your songs.”

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An Ex-CPF Employee Exposes the 3 Biggest Complaints Singaporeans Have About Their CPF Accounts

But no matter what function(s) you think CPF serves, everyone faces the reality of having to pay their “dues” to keep the system going. That means contributing 20% of your salary (up to age 50) every month to a scheme that only benefits those who vastly surpass the current minimum balance of $144K. Sadly, more Singaporeans who have money in CPF and need it can’t even touch it.

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PAP'S POINT MAN VICTOR LYE IN ALJUNIED SPEAKS UP

It is not for me to defend. I state it as a fact. The People's Association is a statutory board and is part of the government. What links are we talking about? The PA's volunteers are representatives of the government. They are a bridge between the government and the people. We help to explain government policies, but that does not mean we agree with all its policies. For example, I disagree with the privatization of mass public transport. It is a public good. When there is a problem with the transport system, people expect the Government to solve it. So, the Government might as well own public transport and let a corporatised entity run it efficiently.

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INCREASED PENALTIES FOR SBS, SMRT JUST MEANS HIGHER FARES FOR SINGAPOREANS

I was in Parliament yesterday – and I must say the Parliamentary proceedings and debate was kind of boring – where often the obvious was not debated with much vigour or at all. At the end of the day – who pays? Who may ultimately end up paying for this increased penalty quantum – the commuters? Penalties means increased costs? As long as the Fare Review Formula remains in its current form whereby the increased costs of the operators is one of the components – any penalties may simply be translated into increased costs.

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WHISTLE BLOW: MAS AND BANKS COVER UP THE RECENT CREDIT CARD FRAUDULENT TRANSACTIONS

The Association of Banks in Singapore (ABS) said, "Preliminary investigations indicate that there was no breach of any systems within the banks. All affected customers in Singapore will not be liable for these unauthorized transactions. Banks are working with the credit card associations to investigate these incidences." The real reason why the frauds took place was because ComGateway was hacked and hundreds of thousands of consumers' credit cards and cvc numbers were compromised. Yes, they were stolen because ComGateway, one of the major online concierge/forwarding provider, did not secure the information stored with them. In other words, consumers were open to fraudulent charges not only from Neweb but also any company which the crooks had connection to or sold the information to.

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