Monthly Archives: July 2014

Singapore Quarter-on-Quarter GDP Growth Rates – Second Quarter 2014

The Ministry of Trade and Industry (MTI) released its second quarter 2014 GDP based on advance estimates today. Real Gross Domestic Product (GDP) contracted 0.8% on quarter-on-quarter basis (annualised growth rate, seasonally adjusted). On year-on-year basis, GDP grew 2.1%. The … Continue reading

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“The Luminaries” by Eleanor Catton – A book review

What is the truth behind? This novel by Eleanor Catton kept me wondering what actually happened. Who is the real villain? There are twenty characters in the mysteries. Each telling his/her part of the story. It was a challenge to … Continue reading

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A Matter of Politics – Some thoughts

When we are in a community, we cannot avoid politics. Someone would play politics for personal gains. This is obvious in the office environment and political arena. I have seen enough to pen my thoughts on the subject of politicking … Continue reading

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CPF – Low percentage has cash to meet Minimum Sum

Only 35% of CPF members can meet the CPF Minimum Sum ($148,000) in cash (based on members reaching 55 years of age in 2013). If we include members pledging properties to top-up the shortfalls, only 50% meet the Minimum Sum. … Continue reading

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New Public Bus Contracting Model – Fares to be adjusted regularly

Now you have it, bus fares have to be adjusted regularly when the government moves from the current privatised model to the new Government Contracting Model. In my earlier posts, I had been saying that SMRT and SBS Transit could … Continue reading

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Having a prominent director on board – UOB

After the close of the trading day on Tuesday, 1 July, UOB announced on SGX portal that Mrs Lim Hwee Hua joined its Board as an independent non-executive director. Mrs Lim was a former Second Minister for Finance & Transport … Continue reading

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Interest rates of deposits with banks

CPF Ordinary Account (OA) earns interest rate of 2.5% per annum. This interest rate is set quarterly and is referenced to interest rate based on the 12-month fixed deposit and month-end savings rates of the major local banks. 2.5% is … Continue reading

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Simple Communication is not equal to lack of information

I received a letter from MOF yesterday (see attached). I am happy to receive Medisave Top-up but I do not know two things when reading the letter: 1. “The 5-year Medisave Top-up with amount $100 and payment date 31 August … Continue reading

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Core inflation rising in 2014

Consumer Price Index (CPI) rose 2.7 per cent in May 2014. CPI-All Items rose higher in May compared to April. See table below for inflation rates for five months this year. Month MAS Core inflation CPI – All Items Jan … Continue reading

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