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The Medishield Life review committee has unveiled its recommendations for Medishield Life. It will finalise its recommendations in a month. Implementation will begin in 2015. ...

Singapore alternative news media website The Online Citizen (TOC) has announced a shift in its management structure.   It will now be managed by locally-registered social enterprise, The Opinion Collaborative Ltd.   TOC says that overseen by The Opinion Collaborative, it will be able to raise funds, and generate, retain and disburse revenue.   At present,...

Singapore’s Ministry of Finance (MOF) has officially replied on how our CPF funds are used, and how interest rates and payouts are calculated. This is the statement released by the MOF.   Q: How are CPF monies invested? What does the Government do with the monies? CPF monies are invested by the CPF Board (CPFB) in Special Singapore Government Securities...

Prime Minister Lee Hsien Loong and Worker’s Party Chief squared off in parliament over constructive politics in Singapore. Here’s the transcript of the heated 15-minute verbal joust.   Mr Low: Mdm, I wish to clarify a few points. First of all, the reason why I decided to focus my speech on constructive politics: Because I thought that was an important issue...

First generation Permanent Residents, New Citizens and women will soon get a shot at serving in the Singapore Armed Forces (SAF).   From the middle of next year, they can join the SAF Volunteer Corps, which will see them taking up supporting roles in the armed forces.   This was announced by the Community to Strengthen National Service (CSNS), which is headed...

The Committee to Strengthen National Service (CSNS) has recommended disbursing S$2,000 extra in Medisave grants, at each of the three “milestones” met by an Nsman.   The 3 milestones are: -Completion of NS -Mid-point of operationally-ready training cycle -End of operationally-ready training cycle   The grant has been termed the NS HOME Awards...

Singapore Prime Minister Lee Hsien Loong has sent a legal notice demanding local blogger Roy Ngerng remove an article which allegedly accuses him of corruption.   Prime Minister Lee also wants Ngerng to publish an apology on his blog, and pay compensation for damages and legal costs.   Ngerng had on his website, The Heart Truths, posted an article titled...

Singapore President Tony Tan Keng Yam has pledged to strengthen social safety nets, at the re-opening of parliament. It’s one of six goals that Mr Tan said the government is pursuing to build a better future for Singapore and its people. Mr Tan said the government will aim to: Continue to make housing affordable and develop new housing options Ensure affordability...

Five teenagers, believed to be behind the vandalism at the rooftop of a Toa Payoh HDB block, were charged in court on Saturday. They were arrested on Friday – two days after the vandalism was first spotted by residents.   Reagan Tan, Boaz Koh, Chay Nam Shen, Goh Rong Liang, and David William Graaskov were expressionless as the charges of vandalism with...

Internet rules are necessary to restrain “pack behaviour” in social media and ensure civility between users, Singapore Prime Minister Lee Hsien Loong said in remarks released Wednesday. Speaking at a university forum late Tuesday, Lee said social media raised the risk of an overreaction from the public when contentious incidents occur in the ethnically...

The MDA may soon be able to independently fine arts groups for arts entertainments breaches.   It is proposing to amend the Public Entertainments and Meetings Act to allow it powers of investigation in such breaches and impose composition fines outside of court prosecutions.   Presently, the MDA has to report such violations to the police for investigation.   Amongst...

From 1st July, CPF members will not be allowed to withdraw any excess funds if they do not have a minimum of $155,000 in their Minimum Sum, and $43,500 in their Medisave Minimum Sum.   This will apply to CPF members who turn 55 between 1 July 2014 and 30 June 2015.   The news was released in a joint statement by the CPF and the Ministry of Manpower.   What...

SingTel’s net profit dipped by over 12 percent. But SingTel Ceo Chua Sock Koong bagged $4.6 million last year, a drop from the $4.9 million which she earned in 2012. This doesn’t include the returns on the value of her shares.   Clocking a 13 percent increase in net profits, Singapore Airlines rewarded its CEO Goh ChoonPhong with a 50 percent pay...

DBS has been named ‘Best Bank in Asia-Pacific’ for 2014.   This marks the first time an Asian bank has beaten other international banks to win this prestigious award, since the award was started 21 years ago.   DBS was awarded the accolade by New York publication, Global Finance, in its annual World’s Best Banks Awards.   It also clinched...