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WHAT YOU SHOULD KNOW

Low Lying Areas In Singapore  Lists the flood-prone areas in Singapore.

Things you should know  Tells you things you need to be aware of - disasters, drowning cases, Hotel New World...
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The WEATHER on TUESDAY (23 Jul 2002): Showers with thunder in the morning over many areas.    WEATHER OUTLOOK:  WEDNESDAY & THURSDAY: Morning and early afternoon showers are expected.    WATER TIDES (this month)  High tide   11.37am  2.4m   10.18pm  2.7m      SUN Sunrise  7.06am    Sunset 7.17pm   MOON  Moonrise  6.29pm   Moonset   5.55am    PSI: 45 (good)   TEMPERATURE: 26-32 degrees Celsius (The weather is updated daily before 8am Singapore time) For more information, call Meteorological Service Singapore Tel: (65) 6542 7788.

Yesterday     Jan - Jun 2002     2001     2000     1999

Currency Converter      Singapore Currency Notes      My E-mail Account

ERC's recommendations on the CPF: Government's response

Excerpt of speech by DPM LEE Hsien Loong in Parliament yesterday

...The Government accepts all the ERC recommendations. The CPF is the cornerstone of our social security system. It is based on individual responsibility and self-funding, and has served us well for many years, helping Singaporeans save for their own retirement. The CPF system remains fundamentally sound.

However, our society is changing. Singaporeans are living longer. More are remaining single or having fewer children. Increasingly Singaporeans have to depend more on CPF savings than on their children for their retirement needs. We now must update the CPF framework, to adapt to a different economic and social environment, and to pre-empt future problems.

Changes to the CPF system will be based on the following principles adopted by the ERC:

First, CPF should focus on three key objectives: retirement expenditure, healthcare and home ownership. These form the core elements of financial security.

Second, CPF should aim to meet these three needs at a basic level. Beyond this basic level, individuals should rely on their own private savings and arrangements. For a compulsory scheme like the CPF to go beyond providing for basic needs would add rigidity to the economy and be onerous to both employers and workers.

Third, CPF should be designed for the broad majority of Singaporeans, between the 10th to the 80th percentiles of the income spectrum. Those below the 10th percentile cannot rely on CPF alone for their retirement needs, and would need the help of other social support schemes. Those above the 80th percentile should be well able to look after their own financial affairs, including planning for their retirement.

Finally, changes to the CPF system should be gradual, because many people have made long term commitments based on the current framework, and need time to adjust to any policy changes.

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ExxonMobil Campus Concerts - Opening Show 2002/2003

21 August 2002

University Cultural Centre, NUS

Organised by The Centre for the Arts

 

NEW WEBSITES

Zuji.com.sg  Zuji, meaning footprint in Chinese, is the name of a new online travel portal that has opened in Asia Pacific - in Singapore and Australia.

priceline.com.sg  is an online travel service launched on 30 May 2002. Travellers who use it can slice an average of 20 per cent, and up to 30 per cent, off regular air ticket and hotel prices. But customers cannot pick a specific airline or hotel as this will be selected by Priceline from its pool of partners - 25 airlines and more than 8,000 hotels around the world. 

Click New Websites for the rest of the list.

Eye on Singapore

It's about people!

BANKmates: Get a Personal Assistant to do your errands in Singapore.

We are now 4237 pages thick and growing.

Public Holidays NATIONAL DAY is the next public holiday. It falls on 9 Aug 2002.

 

 

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