Tag Archives: straits times

WHAT IS CPF MINIMUM SUM?

Currently, members who are turning 55 between July 1 this year and June 30 next year have to set aside $155,000 in their Retirement accounts to receive a monthly payout of about $1,200 when they turn 65. Come July next year, the next cohort (those turning 55 between July 1, 2015 to June 30, 2016) will need $161,000. The amount, known as the Minimum Sum, is adjusted annually after taking into account inflation. This one-size-fits-all approach is currently being reviewed by an advisory panel set up by the Government. In a media interview last week, Manpower Minister Tan Chuan-Jin said that more options may soon be available for members to decide how they want to save for their retirement.

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“THE PRICE INCREASE OF BABY MILK IS RIDICULOUS”

In 2004, the average price of formula, including that for infants and for babies six months and older, was $22.66 for a 900g tin. It has climbed steadily to hit $50.01 in October this year from an average of $44.30 last year, according to figures obtained recently by The Straits Times from the Department of Statistics.

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Sydney siege: Hostage taker’s list of offences raises questions, say experts

Monis' website offers perhaps the keenest insight into the motivations behind his decision to seize an upscale cafe in Martin Place in the heart of Sydney's financial district. The website shows graphic images of children that he says were killed by US-led coalition air strikes, as well as media coverage following his court appearances and statements addressed to the Muslim community and Australian Prime Minister Tony Abbott.

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“I AM STILL SCARED OF LITTLE INDIA”

The permanent resident from Malaysia breaks into a smile when Insight notes that the scar on her left brow is barely noticeable. "I used this ointment recommended to me by Mr Sitoh Yih Pin. It's really effective," she says, referring to the MP for Potong Pasir.

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PRC NATIONAL HAD UNPROTECTED SEX WITH 12-YEAR OLD SINGAPOREAN GIRL ON HER PARENTS’ BED!

Dong, a Chinese national, was sentenced to a year in prison after admitting to two charges of sex with the minor. After some hugging and kissing, Dong suggested that they have sex but she was reluctant as she was fearful of becoming pregnant. But she agreed after he managed to convince her, and they had sex on the bed in the master bedroom. Deputy Public Prosecutor Carene Poh pointed out the big age gap between Dong and his victim, adding that she was barely pubescent at the time.

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PRC CHEAT YANG YIN FACES ADDITIONAL CHARGES UNDER THE IMMIGRATION ACT!

Former China tour guide Yang Yin has been slapped with three additional charges under the Immigrations Act. Deputy Public Prosecutor Ang Feng Qian said the Commercial Affairs Department, Accounting and Corporate Regulatory Authority of Singapore and Immigrations and Checkpoints Authority of Singapore have completed investigations into the 40-year-old's case.

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INTEREST CHARGES ON CREDIT CARD BILLS GO UP

DBS Bank lifted the interest rate on outstanding balances from 24 per cent to 24.9 per cent. OCBC's rate rose from 24.96 per cent to 25.92 per cent. United Overseas Bank (UOB) raised its interest rate from 24 per cent to 25 per cent on Nov 22.

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