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  • Lee Hsien Loong On Population Growth Of Native Singaporeans

    Lee Hsien Loong On Population Growth Of Native Singaporeans

    Lee Hsien Loong was also asked about Singapore’s low birth rate, and he admitted the government’s pro-family incentives are “still not enough”. In comparison to his father, Lee said he is “much inferior to him in this matter — what he dares to say, I may not dare to say”.

    “We have encouragement, which is important, we also pay close attention to early childhood education and childcare services,” he said. “This is because many women want to continue working after childbirth, so who will take care of the children when that happens? … That is why we are opening more childcare centres, and are grooming more kindergarten teachers. But it is still not enough.”

    >He also spoke about Singapore’s casinos, and how his father previously opposed it, saying the elder Lee supported the policy later on because “the world changed, so we have to change too”.

    “But we think of ways to protect our people, to prevent them from spiralling down with gambling addiction,” he said, saying that in the four years since they opened, the number of Singaporeans who gamble is not increasing, and has stayed at about 20 per cent of the country’s casino visitors.

    Source: https://sg.news.yahoo.com
     

  • Petition To Request FAS President Zainuddin Nordin To Step Down

    Petition To Request FAS President Zainuddin Nordin To Step Down

    Petition Background (Preamble):

    After a disastrous year following Singapore’s early group stage exit from the AFF Suzuki Cup on home soil, we seek current Football Association of Singapore’s president Mr Zainuddin’s understanding and kindly request him to step down from the role at the main football governing body in Singapore.

    While the current national coach may be responsible for the failure, we believe Mr Zainuddin’s administration for the sport in Singapore has resulted to such a debacle and he should take some responsiblity for the failure as well. We believe he is not up to the task as a top administrator for the number 1 sport in Singapore.

    In addition, he has several positions in his current portfolio including being a Member of Parliament, which may enable him not to put in 100% on developing football. We need a better football administrator who is fully dedicated to develop football, with vast football knowledge and experience and to bring Singapore to a brand new chapter of greater heights at a bigger stage out of Southeast Asia.

    And thus, we request Mr Zainuddin to step down as president of FAS for the sake of Singapore football.

    Petition:

    We, the supporters of Singapore football, call on Mr Zainuddin to step down as President of FAS for the sake of the sport in Singapore.

    Ciaran Chia

     

    Source: www.therealsingapore.com

  • Safuwan Baharudin: Everyone Involved Should Shoulder Blame For Lions’ Suzuki Cup Exit

    Safuwan Baharudin: Everyone Involved Should Shoulder Blame For Lions’ Suzuki Cup Exit

    By his own admission, it was not a good 2014 ASEAN Football Federation (AFF) Suzuki Cup outing for Safuwan Baharudin.

    Two years ago, he and fellow Lion Baihakki Khaizan were feted as the region’s top central defensive pairing in Singapore’s winning campaign.

    But after their exit on Saturday from the group stage of this year’s competition, the team, their coach and the Football Association of Singapore are bearing the brunt of criticism from the football fraternity and fans who had expected more from the defending champions.

    While media reports have cited disharmony in the squad and dissatisfaction with head coach Bernd Stange as reasons for the poor showing, Safuwan would not be drawn to adding more fuel to the fire.

    Instead, the 23-year-old told TODAY: “(The blame for) Singapore’s exit from the Suzuki Cup has to be shouldered by everyone in the team and not just coach Bernd Stange. We cannot push all the blame on him. Every member of the team has to share the responsibility, Stange included.

    “But he is only the coach; he decides the line-up and the tactical formation, but at the end of the day, what the players do on the field decides the outcome of the game.

    “In short, all of us are in it together. Sink or swim.”

    Calling it a nightmare outing for the Lions, Safuwan said losses to Thailand and Malaysia showed that the team still had plenty to learn.

    “Especially in our attacking part of the game, we did not score a single goal from open play, apart from Khairul Amri’s header against Thailand,” he pointed out. “The other goals came from set pieces: Free-kicks and corner kicks.

    “We lacked creativity up front. We didn’t have someone brave and confident enough to take on opposing defenders in the 18-yard box and do the damage.”

    Until the free-kick he took, which resulted in Amri equalising against Malaysia, Safuwan’s campaign this year had been teetering on disaster. His handball late in the opener against Thailand led to the visitors’ winning penalty. In the following match, his foul on Myanmar striker Kyaw Ko Ko led to yet another penalty in a poor second half for the Lions that heralded the disaster against Malaysia.

    “I must admit that I had a very quiet tournament, especially in the opening two matches. But I know I had a better game against Malaysia, and I thought I could get better if we had entered the semi-finals,” said Safuwan.

    “The Suzuki Cup is over for us. We have the World Cup qualifiers next year. And while we’re frustrated with the early exit from the Suzuki Cup, maybe we should not dwell on it anymore and move on.”

     

    Source: www.todayonline.com

  • HSR: HDB Resale Prices Expected To Fall To 2008 Levels By 3rd Quarter Of 2015

    HSR: HDB Resale Prices Expected To Fall To 2008 Levels By 3rd Quarter Of 2015

    HDB resale prices are expected to reach 2008 affordability levels by the third quarter of next year, a HSR report released last week said.

    Prices would need to come down by 6 percent to become affordable.

    But what does affordable means? The report calculates affordability as the cost of a resale flat at 4.4x average annual household income of HDB dwellers.

    However, note that HSR’s report expects that affordability will be reached only if household incomes continue to rise.

    According to HSR, “We observe that household income has been on an upward trend from 2005 to the present.

    “Barring any macroeconomic crisis, income should continue on an upward trend in the future.

    “We have based our income projections using the historical Compound Annual Growth Rate of 5.6% for average annual household income of HDB dwellers.”

    Also, the calculations are done based on the following assumptions – that the buyer is a first-time Singapore buyer, where the impact of taxes and duties is minimal.

    Also, the calculations are based on the example of a 1,000-square-foot resale HDB flat.

    According to HSR, such a flat is now “5x the average annual household income of HDB dwellers”.

    By the Q3 2015, it expects this to be lowered to 4.4x.

    However, this is still higher than the 4x that National Development Minister Khaw Boon Wan promised for Build-to-Order (BTO) flats in March last year.

    Also, latest statistics show that three-room BTO flats are still 4.57 times that of applicants’ annual salaries.

    Four- and five-room flats are at 5.26 times and 5.36 times of applicants’ annual salaries, respectively.

    Also, when seen in the context of real incomes increasing by only 0.4 percent last year, it is uncertain if incomes will increase fast enough for housing prices to become affordable to Singaporeans again.

    HSR’s prediction might be a tad too optimistic in this instance.

    Moreover, HSR also said, “We expect demand to increase due to greater affordability if price and income continue on current trends.

    “This means that residential property will become more affordable to more people, leading to increased demand.

    “This could potentially lead to higher transaction volume and prices.”

    And so, the cycle continues. If this assumption by the HSR is factored in, housing prices might take even longer to reach affordability.

    The HSR report tries to be optimistic but where it is increases in income and price fluctuations are uncertain, unless the government takes affirmative action to reduce housing prices, such expectations have to be moderated.

    As it is, Mr Khaw had promised to the prices of new flats to four times the annual median income of its applicants but this promise is far from being fulfilled.

     

    Source: www.therealsingapore.com

  • Man Left CPF Savings To Female Friend From PRC Instead Of His Family

    Man Left CPF Savings To Female Friend From PRC Instead Of His Family

    INSTEAD of leaving his Central Provident Fund (CPF) savings to his family, a man left it to a 25-year-old female friend from China, giving her $37,000.

    His wife found out only after the man – whom she was married to for 34 years – died, Lianhe Wanbao reported yesterday.

    The widow, who wanted to be known only as Mrs Saw, 61, tried to appeal to a court, pouring $30,000 of her savings into the effort. Not only did she lose the suit, but she now also has to pay $7,000 in court fees.

    “It was really not worth it,” lamented Mrs Saw.

    The couple have a son and two daughters, all of whom are married. But things took a turn for the worse after Mr Saw committed suicide in June last year. Mrs Saw said she had stopped him from doing so on two occasions.

    While clearing her late husband’s belongings, she was shocked to find out that Mr Saw had, in 2011, arranged to have all his CPF savings given to the female friend.

    Mr Saw also had a will, in which the Chinese national would get $150,000 from the sale of his home. A further $450,000 from the sale would be split between an old folks’ home, a temple, his brother, friends and go towards paying off his credit card and housing debts.

    The remaining sale proceeds were to go to his immediate family, but the home is expected to sell for only $600,000, so his family may not get anything.

    Mrs Saw said her husband changed his will in 2012 to redistribute funds initially set aside for his family.

    In tears, she told Wanbao: “I knew he liked to go out to drink and have fun, but I always thought he was just flirting around, and would still be focused on the family. But little did I know that he would make such a decision.”

    She added that she could not comprehend why her husband made such a move.

    To safeguard her own interests as his wife and with support from her children, Mrs Saw used her savings to hire a lawyer to appeal to the court.

    “After my husband’s business failed in 1986, he didn’t have a job. Since then, I’ve carried the burden of being the family’s breadwinner and brought up our children. How could he quietly leave his money to a stranger and none for me?” said Mrs Saw.

    The widow said that she had never met the Chinese national. The woman, whom her husband met at a bar in 2009, is from China’s Liaoning province and works as a service staff member at Marina Bay Sands, she said.

    During mediation, Mrs Saw said that the woman reiterated that she and Mr Saw were just friends and did not have an intimate relationship.

    Mrs Saw said that in her husband’s beneficiary nomination form for his CPF savings, his relationship with the woman from China is listed as “goddaughter”.

    She raised doubts over this as Mr Saw initially wrote that the woman was his “granddaughter”, before changing it to “goddaughter”. “One can imagine that when he was making the arrangements, he was not thinking clearly,” claimed Mrs Saw.

    But the court decided that Mr Saw and the Chinese national had maintained a good relationship – regardless of whether the woman was his “goddaughter” or mistress.

    As there was insufficient evidence to determine Mr Saw’s state of mind when nominating the Chinese national as his beneficiary, the judge did not rule in Mrs Saw’s favour.

     

    Source:http://mypaper.sg

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