Showing posts with label government. Show all posts
Showing posts with label government. Show all posts

Tuesday, January 12, 2016

SKILSFUTURE: WHAT IT MEANS TO INVESTORS?

The government has rolled out SkillsFuture, an initiative whereby the government will give Singaporeans some credits regularly, starting from $500 to attend courses. The aim of SkillsFuture is to develop the skills of Singaporeans for the future whereby the industries in the future will require new skills, some of which will be totally different from the skills workers are equipped with today.

Saturday, November 21, 2015

Investment education, Wealth Creation and Entrepreneurship in Schools

Singapore has now two Education Ministers. Ng Chee Meng focuses on schools while Ong Ye Kung focuses on continuing skills. My take on the double-portfolio of the Education Ministry is that this is a correct direction to take Singapore forward. Singapore today is not Singapore decades ago when if you are a graduate, you will have a nice job with a nice pay in general. In fact, in today’s Singapore, good high-paying jobs are highly-coveted.

Tuesday, August 11, 2015

Lui Tuck Yew not contesting in Singapore General Election: effect on transport stocks

It was reported today that Mr Lui Tuck Yew would not contest in the upcoming Singapore General Elections. When I read the news, I was not surprised, for the weeks leading up to today’s announcement, there has been the circulation of a Facebook post by Mr Lui which leaves readers to wonder what Mr Lui’s next political move would be.

Saturday, July 25, 2015

Singapore’s election boundaries report on Singapore stocks

Hello readers, how have you been? At this time of writing, many of you would have probably been asleep, but here I am blogging this post, am I not tired? Usually, I would have been rather tired even after drinking one cup of coffee and one cup of tea but not today, though I commuted to and fro different places today and at work, completed a larger-than-usual workload of reports.

So why am I so energetic today? Well it has to do with the fact that I drank a cup of coffee this morning from a cafe. This cup of coffee cost more than that of Starbuck and at least three times more than the usual cup of coffee from a coffeeshop. I have no denial that the cup of coffee that I had today is the most powerful coffee in terms of keeping me awake that I have drank and hence now I understand why I have to pay a premium for this cup of coffee. I now recall that the service staff actually took out the coffee beans, grinded them and brewed that coffee for me upon my ordering. It is really so “caffeinely-powderful”!

Saturday, July 18, 2015

Blue-chip stocks: buy and hold and profit?

It was reported that NOL may be up for sale by Temasek Holdings. If the report is accurate, then it would be yet another Temasek-linked company which would be privatized after Olam International. NOL stock has not been doing well against the headwinds in the shipping industry. I have read that NOL’s CEO, LG(NS) Ng Yat Chung has also made some measures to improve the bottomlines of NOL. Ng Yat Chung was a former Chief of Defence of Singapore and a former Senior Managing Director of Temasek Holdings before he took the helms at NOL. Succeeding Ng Yat Chung as the Chief of Defence was Desmond Kuek who himself was the chief of another transport-related company which also saw its fair share of work: SMRT. Both Ng Yat Chung and Desmond Kuek were former recipients of top PSC and MINDEF scholarships.

Monday, June 8, 2015

SGX-listed corporate chiefs who may be Members of Parliament

I read the report “State of the Slates” of Part D of the Straits Times of 6 June 2015 with much interest. Of the likely New PAP faces, there are two who are the current management figures of SGX-listed companies. They are Chong Kee Hiong, Chief Executive of OUE Hospitality Trust and Cheng Li Hui, Deputy Chief Executive of Hai Leck Holdings, an engineering, procurement and construction services company. The report is quite an interesting read so much so that even potential ministerial candidates were mentioned, for this I trawled the internet for more details and am glad that there is a comprehensive one at this link.

Monday, March 30, 2015

SINGAPORE SAVINGS BONDS FOR RETAIL INVESTORS

A Savings Bonds programme targeted at retail investors will be launched. Investors can put in a minimum of S$500, and in subsequent multiples of S$500 and hold the investments for ten years. The Savings Bonds’ interest rates will increase over time. Investors can opt for a monthly issuance of their money, or they can choose to withdraw all of their money any time; in both cases with no penalty and with the principal sum and any accrued interest.

Monday, March 16, 2015

My proposed SG50 incentive: to buy fifty blue-chip stocks at good discounted prices

I appreciate the slew of SG50 measures unveiled by the government to-date, the latest being the free admission into Sentosa via Boardwalk. Most of the SG50 measures targeted are pro-community and pro-bonding, though as a retail investor, I feel that, with Singapore into its 50th anniversary, the Singapore Government could emulate what it has done in year 1993 when Singapore Citizens were able to purchase Group A shares of Singtel at a discounted price as part of the Singapore Government's effort to share the nation’s wealth and to enlarge the base of share-owning Singaporeans.

Tuesday, November 25, 2014

Civil servants to get 0.8 months bonus

Civil servants will get a bonus of 0.8 months on top of the thirteen-month salary. The total bonus for civil servants for year 2014 is however less than that for year 2013. So who are civil servants? Typically, civil servants are employees of ministries and organs of state while public servants are employees of statutory boards. Statutory board employees would usually follow the civil servant’s bonus guidelines.

Friday, August 29, 2014

Civil servants to get salary, pay increases

It was announced on 28 Aug 2014 that civil servants will receive pay hikes of at least five percentages though it was not mentioned whether all civil servants will be receiving the pay hikes. The pay hikes are to keep pace with the economy. The Public Service Department also did not say how many civil servants will receive the pay increments.

Sunday, August 17, 2014

National Day Rally 2014: what are the possible stocks to buy?

This evening, Prime Minister Lee Hsien Loong will deliver the National Day Rally 2014. National Day Rally is often viewed as the most important speech for the nation every year as the speech will outline key national-development plans economically and socially and which may just have a bearing on some of us Singaporeans. National Day Rally is the next important event to look at to know the plans of the country beside the annual Budget. How time flies, just last year, it was announced that the Paya Lebar airbase will shift to Changi East and Singaporeans are now watching out for the upcoming plans for Singapore in the coming National Day Rally.

National Day Rally is often also watched by investors as the rally will provide some clues on the possible clusters of economic activities which may receive a boost from the government or are sectors which the government is growing. Transport stocks have benefited from the National Day Rally speech 2013 and coming forward to the coming Rally, what are the possible stocks that investors will buy also pretty much depend on what possible “clues” they make of the National Day Rally speech.

Friday, August 8, 2014

National Day Awards 2014

Whenever it comes to every National Day, National Day Awards will be given out to individuals here who have contributed much to public service. National Day Awards 2014 will be announced on 9 Aug 2014 and recipients receiving the awards can wear the medals presented by the President of Singapore and for some, they can put a title beside their names, e.g. PBM (Public Service Medal), BBM (Public Service Star Medal). Of all the National Day Awards recipients, there will always be recipients of the top National Day Awards: these are one of the highest awards like the Star of Temasek, etc. Recipients of these top National Day Awards will be featured in the news.

Monday, August 4, 2014

Pioneer Generation package: my thoughts

The Pioneer Generation package commercials somehow flood the television channels in their bids to make the points of the package clearer to our senior generations. Watching the commercial and somehow irked at being bombarded by the advertising blitz, I somehow, on looking at the dozens of senior citizens dancing in the commercial, think that time really flies and soon I will be like one of the senior citizens featured in the commercial.

Tuesday, June 3, 2014

ACTIVESG FREE $100: what you MUST know

I have shared in an earlier post on the ActiveSG initiative which will allow Singaporeans to enjoy sports facilities like the Gyms, Swimming Pools and sports lessons for free, subject to a cap of $100. It is a really good initiative and I went to the nearby gym to enjoy my free workout session under this ActiveSG initiative.

Tuesday, April 1, 2014

Rebates on Service and Conservancy Charges

I received a letter from MND informing me that my household is entitled to rebates on Service and Conservancy charges. When I read the message, I am filled with a sense of gratitude as I can at least save some monies. I have been working hard, spending on the most basic necessities for myself, while doing my best to earn good rates of returns from investments and or trading while continuing to think of some other ways to generate good rates of monies. I am not greedy but really the cost of living and the amount of stress in Singapore really make me wonder whether I can afford to retire?

Friday, February 21, 2014

Singapore 2014 Budget: what it means for me?

What does Singapore 2014 budget mean to you? I will view the Singapore 2014 Budget from the perspectives of both an ordinary Singaporean and a retail investor. As an ordinary Singaporean, I welcome rebates in service and conservancy fees (i.e. those town council fees), utilities rebates as well as some incentives for property taxes. I pay more than $50 monthly in town council fees and I find the fees on the high side. It also does not help that our country is experiencing a spell of hot and dry weather which means that most of us would need to switch on the air-conditioners at night, use more electricity to boil more water, etc. As with previous budgets, I think there will be some incentives in the form of rebates for most of us.
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