Tag Archives: CPF

TAMPINES ROVERS IN MORE MONEY PROBLEMS, FOOTBALL IN SG HEADING INTO TROUBLE

In yet more signs that the Singapore Professional football scene is going downhill towards a self oblivion, S.League club Tampines Rovers are in the news again for all the wrong reasons. They were caught in a cash flow problem last April, and the latest reports coming out indicated that the CPF Board is looking into the club's CPF contributions to staff, and their former sponsor, Komoco Motors, are also recalling a $190,000 loan. They are also reportedly facing a repayment of a $756,000 "sponsorship credit line" from Taiwanese tech company Nogle, starting next year. Tampines Rovers have repeatedly said that all these issues will be settled, as they were involved in the Asia Cup matches, which takes up a lot of their administrative time. The problem with this line of argument is that, if you are a professional outfit, shouldn't you be able to manage your time and resources better?

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SDP: THIS IS HOW CPF & GIC SHOULD BE HELD ACCOUNTABLE & MANAGED

The suspicions of the people over our hard-earned CPF savings would not have arisen if the PAP had not reneged on its promises and, worse, kept Singaporeans guessing on how these funds are being managed. Such an approach needs to be corrected which is not a difficult thing to do. What we need is for the GIC to be fully accountable to the people and for the Government to keep its promises.

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LABOR LAWS IN SINGAPORE OFFER POOR PROTECTION FOR SG WORKERS

When I was formerly employed by a new start-up now defunct ISP company a few years ago, I reluctantly allowed the director to temporarily not contribute CPF as he claimed he needed the funds to roll and tide the company through the initial year as this is also the practice of hawkers towards their stall assistants.

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CARING FOR DYING PARENTS ENOUGH TO BANKRUPT MOST S’POREANS

This is an issue that has always troubled me. The amount to set aside is highly uncertain depending on how parents die. A slow death will cost a bomb not only in terms of money but in time and energy as well. No matter what, this is a burden that MUST be borne if we call ourselves decent human beings.

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CPF ACTIVIST ROY NGERNG HAS MOVED TO TAIWAN SINCE LAST YEAR

Prominent CPF activist and blogger Roy Ngerng has left Singapore to work in Taiwan, says socio-political commentator and president of MARUAH Leong Sze Hian. Roy Ngerng has been quiet on Facebook in these past months, but his instagram account (@ROYNGERNG) suggests that he is indeed in the Republic of China.

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MEDISAVE MORE BURDEN THAN HELP FOR SICK S’POREANS

I’m writing to question and hopefully clarify the purpose of the Medisave scheme. Both me and my wife are self -employed and are required by law to contribute almost $5,000 each to our Medisave accounts annually in cash. Just how does Medisave help us? We found out the hard way that the Medisave scheme is causing us more financial burden instead of helping us. cpf

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