Tag Archives: THARMAN

DPM THARMAN: SINGLE MOTHERS ARE NOT ELIGIBLE FOR PARENTING BENEFITS

When queried by MP Seah Kian Peng, DPM Tharman shared that single mothers are not eligible for two parenting benefit schemes - the Working Mother’s Child Relief and the Foreign Maid Levy Relief - as they are intended "to support married women who remain in the workforce and raise their children within the context of marriage". He added that these parenting scheme "reflect the prevailing societal norm where marriage is the first step towards family formation".

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2015 WILL BE A BAD YEAR FOR SINGAPOREANS?

SINGAPORE shares suffered another mauling yesterday as deepening unease over a potential crisis in the euro zone sparked a global selldown in stocks. Crude oil prices also tumbled to their lowest levels since 2009, while the euro weakened further to a nine-year low against the greenback.

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Cloudy global outlook may dampen S’pore growth

THE volatile global outlook has prompted private sector economists to downgrade their forecasts for Singapore's growth this year and the next. They now expect the economy to expand just 3 per cent this year, down from an earlier forecast of 3.3 per cent. The reasons behind the gloomier mood have been making headlines for weeks - the crashing oil price that is driving some producers to despair, a slowdown in China and the faltering economies in Japan and Europe.

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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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STEP UP PRODUCTIVITY AMID GLOBAL SLOWDOWN

THIS year has been a tough one for Singapore's economy, for reasons that were summed up in recent remarks made by the International Monetary Fund (IMF). Early last month, IMF chief Christine Lagarde warned that the world economy may never revert to the pace of growth it enjoyed before the global financial crisis. She flagged the risk of a "new mediocre", where worldwide growth stays low and uneven for a protracted period - hurting economies that rely on external demand, such as Singapore.

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SINGAPORE, CHINA LAUNCH DIRECT TRADING OF CURRENCIES

SINGAPORE and China will start direct currency trading today, in a move set to lower the cost of doing business. It will also boost the already strong trade links between the two as Beijing pushes to internationalise the yuan. Chinese Vice-Premier Zhang Gaoli announced the move yesterday at a high-level bilateral meeting in eastern Suzhou that he co-chaired with Singapore Deputy Prime Minister Teo Chee Hean.

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TEN YEARS, OVER 100 TRIPS AND MILLIONS OF MILES

During the past 10 years, PM Lee has worked tirelessly to promote Singapore's national interests abroad. He has travelled millions of miles, in over 100 trips, to reinforce our old friendships, to make new friends and to harness new opportunities. In his foreign trips, he has sought to engage political leaders, intellectuals, business and the media. He has put across the views of Singapore, Asean and Asia, often reminding the audience of the importance of South-east Asia. Like those of his two predecessors, PM Lee has been a voice of reason in our sometimes irrational world.

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