Tag Archives: Straits Times 23 Jun 2014

LIM SWEE SAY: YOUR CPF MONIES 100% SAFE

MINISTER in the Prime Minister's Office Lim Swee Say yesterday assured Singaporeans that their money in the Central Provident Fund (CPF) was "100 per cent safe". While many investments had been lost during the global financial crisis, he pointed out, CPF had still continued to earn interest then. "(The) money with CPF... was not only safe, but continued to earn risk-free interest," he told reporters on the sidelines of a mock parliamentary debate session for students at The Arts House.

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LTA REPLIES: BENEFITS OF 10-YEARS COE VALIDITY

The Certificate of Entitlement (COE) system ensures that our vehicle population does not exceed what our road infrastructure can support. Upon deregistration, the COE will be returned to the COE quota for all prospective owners to bid. This way, an opportunity to redistribute a vehicle's COE is created every 10 years, therefore giving prospective vehicle owners a chance of owning a car.

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