Tag Archives: Straits Times 26 Sep 2014

The dramatic case of a wealthy widow who handed control of her assets, estimated to be worth $40 million, to a tour guide from China has thrown the Lasting Power of Attorney (LPA) scheme into the spotlight. In the latest turn of events, Madam Chung Khin Chun, 87, has asked the Office of Public Guardian (OPG) to cancel the LPA which she gave Mr Yang Yin in 2012.

MILITANTS from Indonesia and Malaysia fighting in Syria have formed a military unit for Malay- speaking ISIS fighters, and analysts fear this could expand their reach in South-east Asia. The unit is called Katibah Nusantara Lid Daulah Islamiyyah, or Malay archipelago unit for the Islamic State in Iraq and Syria.

MADAM Chung Khin Chun, the wealthy widow at the heart of the saga involving a former China tour guide, has finally broken her silence. The saga has generated considerable public interest since it was first reported on Sept 3. The day before, her niece Hedy Mok forced Mr Yang's wife and two children out of her aunt's sprawling $30 million bungalow in Gerald Crescent, where they had been living for the last year.

Reductions of between 0.2 and 0.3 percentage point will be imposed, depending on the risk profile of the CPFIS funds. This will save CPF members $20 or $30 on a $10,000 investment. The new cap will apply to 233 funds - 90 unit trusts and 143 investment-linked insurance products. About half can meet the cap.

If Singaporeans want to maintain the present standard of living, there must be enough people - whether local or foreign - to do jobs where there are not enough workers, like in eldercare, to sustain "some minimal level of economic growth", he said.