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06-May-2011 18:02

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low bank interest rates POLICY FUELS INFLATION.

hIgh bank deposit interest rates put more money into savers's pocket

so that they have REAL higher purchasing power in their hands to fight against inflation.

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06-May-2011 17:57

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Friday: 7 May 2011
Malaysia Raises Interest Rates to 3%
Malaysia yesterday raised interest rates for the first time this year and asked banks to set aside more cash as reserves for a second time, joining India in stepping up the fight against inflation, amid surging oil and food prices worldwide.
Bank Negara Malaysia (BNM) increased its overnight policy rate to 3 per cent from 2.75 per cent. The statutory reserve requirement level will rise to 3 per cent from 2 per cent, effective on May 16.
BNM governor Zeti Akhtar Aziz, the first to raise rates in Asia last year as the region led a recovery from the global recession, is resuming rate hikes after pausing since July as inflation accelerated to a 23-month high.

India boosted borrowing costs this week for the ninth time since mid-March of last year as rising prices force nations to tighten monetary policy at the risk of slowing growth. The South-east Asian nation’s economy may expand 5 to 6 per cent this year, easing from a decade-high of 7.2 per cent last year, according to the central bank. BLOOMBERG

pharoah88 ( Date: 06-May-2011 17:01) Posted:

Government policies also to

blame for rising cost of living: SDP
Budget surplus means the Government has raised more revenue than it needs to provide basic services to the public. It is good to have a slight surplus but the surpluses have consistently been very large and this means you have been severely over taxed over the years.

SDP candidate Tan Jee Say

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06-May-2011 17:50

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It wants minimum wage to apply to both Singaporeans and foreigners, and be inclusive of employers’ Central Provident Fund contributions and foreign worker levies — though groups like foreign domestic workers could be exempted.

fOreign labour should not be cheaper than Singaporeans

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06-May-2011 17:46

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Productivity growth is key to higher incomes: RP

Neo Chai Chin

chaichin@mediacorp.com.sg

SINGAPORE

In a press statement, the RP said: “Mr Lim clearly does not get it. Productivity growth is the key to higher incomes. Economic growth achieved merely by increasing inputs rather than using those inputs more productively is of little benefit to Singaporeans.”— The Reform Party (RP) yesterday defended its proposals on national policies and also issued a strong response to Trade and Industry Minister Lim Hng Kiang’s recent comments that limiting the number of foreign workers here would curb economic growth.

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06-May-2011 17:42

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PM’s apology does not excuse actions of PAP Govt: Jeyaretnam

SINGAPORE

He said he accepted Prime Minister Lee Hsien Loong’s apology to Singaporeans two days ago, just as Mr Lee had “magnanimously” accepted his apology earlier for mistaking the content of a condolence letter sent when his father J B Jeyaretnam died in 2008.

But Mr Lee’s apology “still does not excuse the actions and policies of this Government of the last five years”, said Mr Jeyaretnam, 52.— Vote “real competition” in the form of 15 to 20 Opposition candidates into Parliament and put a Jeyaretnam back into the House, Reform Party secretary general Kenneth Jeyaretnam said in a rally speech yesterday.

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06-May-2011 17:38

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SDP fighting election ‘on policy alternatives, not apologies and tears’

Cheow Xin Yi

cheowxinyi@mediacorp.com.sg

In the good old days, before (there was) Internet, maybe PAP can cool you for 24 hours

... but (today), you’ll spend your whole day at the SDP website.

Dr Ang Yong Guan,

SDP candidate for Holland-Bukit Timah GRC

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06-May-2011 17:34

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WP cries foul over last-minute leaflet sent by PAP

NG JING YNG

jingyng@mediacorp.com.sg

With minutes to go before midnight — just in time before Cooling Off Day kicked in — the WP posted a statement to rebut the allegations in the leaflet that the party was against home upgrading.

The WP statement added:

“This is misleading and mischievous.

It was distributed just before the close of the campaign period, leaving little time for WP to respond and set the record straight.”

The newsletter, which was seen by

Mr Giam had said in his post: “HDB flats should remain no-frills public housing.

There is no need to provide posh condo look-alikes.” The leaflet also cited a media report last month, which quoted Mr Giam saying that the high prices of Housing and Development Board (HDB) flats were due to the past PAP’s assets enhancement policy in the past 20 years.

This is the INFLATION DEVIL ? ? ? ?

It drOve the cOst Of lIvIng sky hIgh ? ? ? ?

O V E R H E A R D :

beware! when PR CASH OUT and retUrn hOme ? ? ? ?

many PRs avOId cOnversIOn tO cItIzenshIp ? ? ? ?SINGAPORE — The Workers’ Party (WP) is crying foul over a leaflet sent by the People’s Action Party’s (PAP) Nee Soon Group Representation Constituency (GRC) team to the residents yesterday.Today, cited a blog post — dated Oct 20, 2009 — by WP East Coast GRC candidate Gerald Giam under a headline “WP’s Housing Policy — it will reduce the value of your homes!”

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06-May-2011 17:27

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Political engagement comes of age

P N BALJI

Whichever way the result goes, whatever election strategies that were used, however intense the campaign was, one unmistakable message is shaping General Election 2011.

The Singaporean voter wants to engage and he wants to do so actively and energetically. Over the last couple of weeks, I have heard enough people articulate their views — precisely and without fear or hesitation — about the candidates, their platforms and Singapore politics. Not just online or via social media but also in public chats, and even during chance meetings with candidates making their rounds.

Many of the voters I have met are even ready to declare their political allegiance without batting an eyelid and without looking around to see if there are people listening.

Sentiments like these reflect the changing mood of a population that now wants to discuss, debate and even disagree.

In a way, this shows the political maturing of a country that had always been told to leave politics to politicians.

With the Opposition shooting for nearly all the constituencies and luring bright political talent, the judicious avoidance of smear campaigns and the Prime Minister’s unusual public apology, what we are witnessing is a coming of age of political engagement that should put Singapore on the road to becoming a world class society.

This General Election is very different from the campaigns of 1984 (which saw a swing against the PAP) and 1991 (when three more Opposition MPs were voted into Parliament).

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06-May-2011 17:20

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‘We have empathy, sincerity, compassion’

Shamir Osm an

shamir@mediacorp.com.sg

As his final salvo at the open field next to Chinese Garden MRT Station, NSP secretary-general Goh Meng Seng reminded the crowd what the party stood for and what would all his 24 candidates bring to the table if they went to Parliament.SINGAPORE — Compassion and an inclusive society were very much the theme of the National Solidarity Party (NSP) rally last night as the candidates wrapped up nine days of campaigning.

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06-May-2011 17:16

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just REMEMBER

MALAYSIA & THAILAND TOO ? ? ? ?

sIngapore is employing the ? ? ? ?

SAME foreign medical staff ? ? ? ?

from these countries as well ? ? ? ?

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06-May-2011 17:14

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Cheap, world-class healthcare?

You know that’s not possible: Khaw

Hoe Yeen Nie

YeenNie@mediacorp.com.sg

CHINA, INDIA, IDONESIA are using same medicial equipments from Siemens and its competiors.

CHECK their citi-scan, denture fees etc ? ? ? ?

Just a fraction of what Singapore is charging ? ? ? ?

O V E R H E A R D :

Khoo Teck Puat Hospital fees are higher that those at Tan Tock Seng Hospital ? ? ? ?

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06-May-2011 17:08

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earlier

sIngapore bUdget

alsO

went into

DEFICITS

fOr at least THREE [3] years

AK_Francis ( Date: 06-May-2011 17:00) Posted:

Ha ha, almost every country running deficit, US , a typical exp, heng Spore is exception.

Japan is really a sole democratic country, d leader will step down voltry if he or she thought they r not needed by the people, without any violant. Unlike Col Qadafi, he killed his own people when people asking him to step down? NATO bombing him, he was also no feeling loh.

Essential food px in any country ought to be controlled by the authority, to dempened the biz opportunists out control the country food supply chain n letting the poor to starve. Typical exp, lately d rice main exporter , Thailand suffered centuary worst flood, causing export of rice decline to minimal. Our neighbour countries had stepped to control the rice px accordingly, including Spore, it using the country stock pile to ease the tension n shopping centres declared that no increase of rice px etc.

BTW, d poorest country in d world, AK think that is still Zambia, in Southern Africa. Millon dollar local currency can only buy a loof of bread? God bless!

simplesimon ( Date: 06-May-2011 16:35) Posted:

yes, japan govt is running a deficit, changing PM too frequently indicates difficult to run the country. their things are very expensive in their own country, goods are controlled by a group of .... (don't its name)

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06-May-2011 17:06

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this is

OVER PRICING + PRICE FIXING ? ? ? ?

TOWN COUNCIL should dO VALUE-ADD GROUP PURCHASING like what is practised in

CHINA & TAIWAN

? ? ? ?

simplesimon ( Date: 06-May-2011 16:58) Posted:

Things sold in Malaysia and singapore are genarally priced numerically equal. Eg a pair of Bata shoes sold for RM79.90 will sell in singapore at S$79.90. Likewise if we travelled by train from malaysia to singapore and from singapore to malaysia, we pay numerically equal fares but in diff currency.

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06-May-2011 17:01

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Government policies also to

blame for rising cost of living: SDP

Budget surplus means the Government has raised more revenue than it needs to provide basic services to the public. It is good to have a slight surplus but the surpluses have consistently been very large and this means you have been severely over taxed over the years.

SDP candidate Tan Jee Say

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06-May-2011 16:56

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Don’t belittle efforts, progress

of Malay community: Zainul

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06-May-2011 16:52

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‘Real test of accountability occurs every 5 years’

Ansley Ng

ansley@mediacorp.com.sg

ACCOUNTABILITY INSURANCEa NEW product is required ? ? ? ?

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06-May-2011 16:48

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If you vote out a minister, you make PM’s burden heavier: DPM Teo

a new product is required ?

ministerial job insurance ?

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06-May-2011 16:45

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Nestle and several brands' products' prices sEEms to be " CONTROLLED" ? ? ? ?

by certain groups or by the Logistics Distribution System ? ? ? ?

The SAME products are sold at half-price at all JB supermarkets ? ? ? ?

DON'T TELL ME ? ? ? ?

Transport Cost from JB to SINGAPORE makes those products' prices to DOUBLE ? ? ? ?

some where ? ? ? ?

some how ? ? ? ?

some one ? ? ? ?

is fixing prices ? ? ? ?

and profiteering ? ? ? ?

with economic rent ? ? ? ?

REMEMBER ? ? ? ?

sOme transpOrt OperatOr ? ? ? ?

had been fIned last year ? ? ? ?

for Group Price Fixing ? ? ? ?

simplesimon ( Date: 06-May-2011 16:35) Posted:

Sporeguy ( Date: 06-May-2011 15:31) Posted:

Not true, Japan is going down the drain, South Korea akan datang and next will be Taiwan

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06-May-2011 16:25

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Raffles Hotel ? ? ? ?

did not attract ? ? ? ?

1st Class citizens of 1st World ? ? ? ?

Raffles Education tOO C R A S H E D ? ? ? ?

Raffles Hospital tOO did nOt reach their dream ? ? ? ?

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06-May-2011 16:21

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O V E R H E A R D:

sIngapOre is SELF-PROCLAIMED 1st WORLD ? ? ? ?

All the G8 1st WORLD COUNTIRES dO nOt agree at the bottom of their hearts that sIngapore is 1st World ? ? ? ?

At most, sIngapOre is a 1st WORLD Look-Alike or immitation ? ? ? ?

That is why the two 1st World Clubs are not coming to MBS ? ? ? ?

sIngapOreans dO nOt have the 1st wOrld cOnsUmptIOn pOwer ? ? ? ?

At mOst, they jUst gO fOr the iPhone 5 and iPad 2 ? ? ? ?

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